Mediation is most commonly known to resolve child custody or asset division issues, but there are many other problems for which mediation can work. One of these is alimony.
Alimony in Palm Beach County is becoming less common, but it still comes up in many divorce negotiations. If you and your spouse have similar incomes you won’t have to pay alimony, but if there’s a spouse with considerably less income and your marriage has lasted more than ten years, then it’s very likely that the spouse that earns more will have to pay alimony.
Another thing you need to keep in mind is the effect of taxes on alimony. While in any agreement made before 2019 alimony is tax deductible for the payer and taxable for the recipient, in the divorces that are settled from 2019 and on alimony is taxable for the payer and tax deductible for the recipient.
Alimony in Palm Beach County can be settled on-court or off-court. At Kohn Mediation, we believe that settling it off-court using mediation is the best course of action, as it gives both parties more control.
When two spouses seek mediation for alimony in Martin County, they will be able to measure more factors than just the income of each of the parties. Some of these factors are: the needs of each spouse and their families, the likeliness of the spouse with less income of ever reaching the same standard of living that they had during marriage, and health concerns that may affect one spouse’s quality of life and net income.
Finding an experienced and professional mediator is the best way to guarantee the success of your alimony mediation. Michelle Kohn, a Florida Supreme Court Certified Family Law Mediator, brings her experience in alimony, child custody and other divorce and family law matters into mediation.
Do you need to negotiate alimony in Palm Beach County? Contact Michelle Kohn from Kohn Mediation!