Determining an appropriate financial outcome in a divorce requires more than simply dividing marital assets. Courts must also evaluate whether one spouse has a genuine need for support, whether the other spouse can pay, and how any alimony award will affect child support calculations. Because these issues are closely connected, an error in one part of the financial analysis can require additional proceedings even when much of the trial court’s judgment is otherwise correct. A recent Florida ruling demonstrates the broad discretion trial courts possess when fashioning equitable alimony awards while emphasizing the importance of accurately calculating child support. If you are facing a divorce involving significant assets, alimony, or child support issues, an experienced Miami family law attorney can help protect your financial future throughout the process.
History of the Case
Allegedly, the parties ended a marriage that had lasted more than 26 years and shared one minor child. Throughout much of the marriage, the former husband pursued a successful professional career that substantially increased his earnings. In contrast, the former wife worked part-time for several years after the parties’ child was born before eventually returning to full-time employment. During the marriage, the parties accumulated assets worth more than five million dollars.
It is alleged that following the parties’ separation, disputes arose regarding alimony, child support, and parental decision-making authority. After trial, the court awarded the former wife lump sum durational alimony, ordered child support, and granted the former wife ultimate decision-making authority for the parties’ child. Continue reading ›
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