Alimony & Equitable Distribution

The dissolution of a marriage brings with it a number of emotional, psychological and financial challenges.

The laws of Florida and the state’s court system are in place to ensure that those challenges – including the financial issues – are resolved in a way that is fair to all parties. This process includes the initial division of the marital assets to the potential long-term payments of alimony.

If you have questions about alimony, the Tampa Divorce Lawyers at the Caveda Law Firm, P.A. have answers. Mr. Caveda has been helping residents of Tampa, Tampa Bay and Hillsborough County for more than 33 years.

Alimony and Equitable Distribution Attorney in Tampa, FL

Alimony

Alimony refers to the money payments made from one spouse to another following a divorce. Either a husband or a wife can be required to pay alimony. Alimony may consist of a single lump-sum payment or a series of payments for months or years. When determining whether alimony payments are appropriate following a divorce, a judge will consider a variety of factors.

In the State of Florida, these factors include:

  • The length of the marriage.
  • The standard of living maintained during the marriage.
  • The financial assets of each spouse.
  • The contributions of each spouse during the marriage (financial and non-financial).
  • The financial obligations incurred during the marriage.
  • The amount of time expected for the non-employed spouse to enter the workforce or become financially independent.
  • The ability and need of each party.

It is important to distinguish between spousal support and alimony. When divorce proceedings begin, a temporary order of spousal support may be established to provide support to one spouse until a final settlement is reached. Alimony, on the other hand, is part of the final settlement. In virtually all cases, alimony payments will cease should the party receiving payments remarry.

Divorce is a difficult and often emotionally charged process. Despite the desire to see matters resolved as quickly as possible, it is important to remember that the terms reached during the process will have far-reaching consequences. If you are contemplating or beginning a divorce and believe that you may be entitled to alimony payments, you should contact a knowledgeable divorce attorney as soon as possible. Likewise, if you believe you may be responsible for alimony payments, you owe it to yourself to make sure that your rights and interests are protected.

The Tampa divorce attorneys at the Caveda Law Firm, P.A. have helped hundreds of residents of Tampa,Tampa Bay and Hillsborough County, Florida and is ready to guide you through the complex alimony process. Contact us today by calling (813) 452-6090.

Equitable Distribution

Without a doubt, getting a divorce is an emotional process. One of the most difficult aspects is property division. Who gets what? What property division is in the best interests of both parties? How will the court value your marital estate?

If you have questions about equitable distribution after a Florida divorce, the Caveda Law Firm, P.A. has answers. Our property division attorneys have been helping residents of Tampa, Tampa Bay and Hillsborough County for more than 33 years. Contact us today by calling (813) 452-6090.

Florida law calls for an equitable distribution of marital property and marital debts. This means that property acquired during the course of the marriage by one or both parties should be divided fairly or equitably (not necessarily equally, although equal is the starting point) between the parties, regardless of how the title is held.

However, there are many factors that can affect the outcome, including the nature and extent of the property, the duration of the marriage, and the economic circumstances of each spouse. The Tampa property division lawyer at the Caveda Law Firm, P.A. has extensive experience in this area and will work with you to protect your interests to the fullest possible extent. Contact our Tampa divorce attorneys for assistance with your case.

The first step is to develop a complete list of all the joint and individual assets as well as debts held by the parties. Any property acquired during the marriage is classified as marital property. Those assets acquired before the marriage are known as separate or non-marital property and are not subject to the equitable distribution process. However, separate assets often become mixed during a marriage and are transformed into marital property. We are well versed in handling the task of distinguishing separate property from marital property, and will help you get the fairest settlement.

Property includes everything that you have that could be considered an asset such as your:

  • Home
  • Cars
  • Timeshares
  • Investment accounts
  • Retirement assets
  • Pensions and annuities
  • Bank accounts
  • Stocks and bonds
  • Businesses
  • Life insurance cash value

By examining your assets, we may be able to find instances of special equity. Special equity is recognized in property brought into the marriage, but whose value was enhanced due to a contribution of services or funds over and above marital duties. Through our investigation, a judge may declare non-marital property to be marital or vice versa.

Of course, everyone’s situation is unique. Every property distribution of assets and liabilities in a divorce is not the same, although they all have some degree of consistency due to distribution laws.

What matters to us is placing our clients in a secure financial position so that they can move forward after a divorce. If you would like further information about equitable distribution in Tampa, Tampa Bay and Hillsborough County FL, or have questions regarding your individual situation, please contact the Tampa divorce lawyers at the Caveda Law Firm, P.A. today to schedule a consultation. We can be reached by phone at (813) 452-6090.

Contact us today to discuss your legal options and schedule a consultation. For all of your Tampa divorce needs, Caveda Law Firm, P.A. is here to assist.

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