Tips for reaching a fair alimony settlement

On Behalf of | Sep 15, 2023 | Alimony

Alimony is a common part of the divorce settlement. With the Florida divorce rate at 3.4 per 1000 in 2021 according to the Centers for Disease Control and Prevention. many people will have to deal with figuring out spousal support.

If you find yourself having to pay, it can seem frustrating. However, there are some things you can do to help ensure the award is fair to you as well as your former spouse.

Understand your finances

Before entering negotiations, make sure you have a clear understanding of both your own and your spouse’s financial situations. This includes income, expenses, assets and debts. Gathering all relevant financial documents is a good starting point as this information will be part of the court’s consideration if a judge has to make the final call.

Identify your needs

Determine your financial needs post-divorce. This includes calculating your monthly expenses and factoring in any significant changes, such as childcare or health-related costs. Having a clear picture of your needs will help you advocate for a fair arrangement.

Open communication

Effective negotiation requires open and honest communication between both parties. Try to discuss your respective financial situations calmly and respectfully. Avoid blaming or accusing each other, as it can hinder productive discussions. Keep in mind that coming to an agreement outside of court will probably be more beneficial to you as the payee.

Factor in contributions

Take into account the contributions each spouse made during the marriage. This includes financial contributions as well as non-financial contributions, such as homemaking or childcare. Recognizing these contributions can help ensure the deal is fair.

Negotiate in good faith

Both parties should enter negotiations with a willingness to compromise and find common ground. A fair alimony agreement often involves concessions from both sides.

Alimony is a financial arrangement where one spouse provides financial support to the other after the divorce. It is always preferable to work toward an arrangement together over having a judge decide.