Is FL A 50/50 divorce state?
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Is FL A 50/50 divorce state?
Florida is an equitable distribution state and that means assets will be divided in a fair and equitable manner, but not necessarily with a 50/50 split.
What is a wife entitled to in a divorce in Florida?
Florida operates under the laws of “equitable distribution,” which essentially means property acquired during the marriage belongs to the spouse who earned it, and during a divorce all assets and liabilities are to be divided between the spouses in a fair and equitable manner.
How is alimony calculated in FL?
Alimony in Florida is calculated based upon need and ability to pay. The American Association of Matrimonial Lawyers provides a guideline, which takes 30% of the payer’s gross annual income minus 20% of the payee’s gross annual income to estimate the alimony.
What percentage of income is paid in alimony?
Under the formula, alimony is set at 30 percent of the higher-earning spouse’s income, minus 20 percent of the lower-earning spouse’s, as long as the recipient doesn’t end up with more than 40 percent of the couple’s combined income.
