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Alimony is tax-deductible to the payer and treated as taxable income for the receiver. On the other hand, property received as part of an equitable distribution of marital property is not taxable. It can make sense then to negotiate an outcome that excludes the alimony payment in favor of a particular property settlement in some cases where larger property settlements are at issue.
In addition to being a lawyer, our founding attorney, Lee Pickett, has a master's degree in finance and more than 10 years' experience in the business and financial realms of corporate America. He understands many of the financial factors that affect alimony and can recommend the right solution for you. Whatever you decide, our Jacksonville law firm will work to put you in the strongest financial position possible.
Many people have misconceptions about alimony. Often, the parties can choose to include the payment of alimony in the divorce settlement or opt out of permanent alimony altogether. However, the court can order the payment of alimony on a temporary or permanent basis.
At Pickett Law Firm, PLLC, we understand the legal, financial and tax implications of this subject. Your Jacksonville alimony attorney will help you make the right decisions about alimony and work diligently to achieve your objectives.
For more information about alimony as it relates to your situation, contact our family law firm.
Please contact Pickett Law Firm for a free initial consultation. Experienced representation is just a phone call away.
Whether you are going through a divorce, need an alimony modification or enforcement of an order, we can help you. For a free consultation with Pickett Law Firm, call 904-356-7LAW (526) or contact a Jacksonville Beach divorce lawyer online.
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Alimony is sometimes referred to as spousal support or spousal maintenance. In Florida, there are four types of alimony:
Pickett Law Firm, P.L.L.C. represents clients in Northeast Florida and the First Coast, including Duval County, Clay County, Nassau County, St. Johns County, Putnam County, Baker County, Jacksonville Naval Air Station, Mayport NAS and the communities of Jacksonville, Orange Park, Green Cove Springs, Atlantic Beach, Neptune Beach, and Jacksonville Beach.
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