Florida Alimony Trust in Lieu of Alimony and all Claims

State:
Multi-State
Control #:
US-02105BG
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement in which Spouse A (the spouse who is ordered by the court to make alimony and/or child support payments to Spouse B) must put assets (the principal) in a trust, from which the payments are made to Spouse B.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Alimony Trust in Lieu of Alimony and all Claims
  • Preview Alimony Trust in Lieu of Alimony and all Claims
  • Preview Alimony Trust in Lieu of Alimony and all Claims

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FAQ

Unfortunately, the paying spouse will refuse or make it difficult to collect the alimony they are ordered to pay. However, Florida alimony law provides a variety of ways to enforce judgments, including garnishment. In garnishment cases, the funds go directly to the ex-spouse rather than their original recipient.

Durational alimony may not be awarded following a marriage lasting less. than 3 years. Also, Durational Alimony may not exceed 50 percent of the length of a short-term marriage, 60 percent the length of a moderate-term marriage, or 75 percent of the length of a long-term marriage.

In the State of Florida, alimony payments will automatically terminate in the event the supported spouse remarries. On the date of the remarriage, and without needing to return to court, the paying spouse will be able to cease alimony payments.

What Are the Different Types of Alimony in Florida? Bridge-the-Gap Alimony. The Florida State Legislature states that bridge-the-gap alimony is designed specifically to provide spouses with needed financial support for a limited period of time. ... Rehabilitative Alimony. ... Durational Alimony. ... Permanent Alimony.

Alimony payments can be reduced or eliminated if the ex-partner already has a significant amount of money passed down or saved. Alimony is intended to be based only on what is necessitated.

Changes to the laws governing alimony awards which will apply to any final judgment entered on or after July 1, 2023 include: The option to award permanent (lifetime) alimony is eliminated, leaving bridge-the-gap, rehabilitative, and durational forms of alimony. Rehabilitative alimony is limited to 5 years.

In order to receive termination of alimony, you should obtain necessary evidence of life changes, such as your spouse remarrying, becoming deceased, or cohabitation. A judge may not grant termination in other changed circumstances.

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Florida Alimony Trust in Lieu of Alimony and all Claims