In a Florida family law case that involves a claim for alimony or child support, one of the most important preliminary considerations is how much income each party has. In child support cases, each party’s income gets plugged into a formula that tells us what the law presumes is the correct amount of child support. In alimony cases, the income of each party is important to help determine whether one spouse has the need for support and the other spouse has the ability to pay support.
You should keep in mind that the term “income” in family law cases is defined differently than how the term is used in the Federal Tax Code or in other situations. Section 61.046, Florida Statutes (2011), defines “income” for family law purposes as follows:
- Virtual Introductory Collaborative Law Training August 2021 July 13, 2021
- Collaborative Divorce: An Unbundled Legal Service June 22, 2021
- Family Diplomacy Opens Sarasota Office June 8, 2021
- Bradenton Adult Adoption Featured on Ellen DeGeneres Show May 25, 2021
- Video: How Does Collaborative Divorce Work? March 30, 2021