Understanding the New Florida Bill Regarding Alimony: The End of Permanent Alimony
In a landmark move that alters the landscape of divorce law, Florida’s Governor Ron DeSantis has signed a bill (SB 1416) into law eliminating permanent alimony in the state of Florida. This momentous decision prompts a flurry of questions and concerns from Florida residents receiving or paying alimony and those considering or currently undergoing a divorce.
A Breakdown of the New Florida Alimony Law
Governor DeSantis’ bill, effective since July 1, 2023, brings an end to permanent alimony in Florida. It also introduces a formula for courts to use when determining alimony amounts based on the length of the marriage.
Implications for Divorcing Couples
For those navigating divorce proceedings, the elimination of permanent alimony may significantly alter your financial planning. However, it’s important to remember:
- Alimony is Not Disappearing: Although permanent alimony is being phased out, other forms of alimony, such as bridge-the-gap, rehabilitative, and durational alimony, are still in place to provide financial support post-divorce.
- Transitionary Measures: Existing alimony arrangements won’t be automatically modified or terminated due to this law. Changes to current agreements will still have to go through the standard legal procedures.
Understanding the New Alimony Calculation Formula
The new bill proposes a calculation formula based on the length of the marriage. This predictable framework offers transparency and less room for contention, promoting a smoother divorce process.
Planning for a Divorce in the Post-Permanent Alimony Era
With these changes, it’s vital to reassess your financial strategy if you’re considering divorce. Consulting with an experienced divorce attorney can help you understand your rights, obligations, and the new landscape of alimony law.
The end of permanent alimony significantly shifts Florida’s divorce law landscape. As the state navigates this transition, the importance of informed legal guidance cannot be overstated. Stay updated, understand your rights, and seek professional advice to smoothly transition into Florida’s new era of divorce law. Call The Florida Probate & Family Law Firm today to speak to an alimony attorney who can provide the insights and advice needed to navigate these changes effectively.