Basketball Player Wade pays $25k a Month in Alimony

On behalf of The Law Offices of Cindy D. Sackrin posted in Family Law on Monday, May 6, 2013.

Miami Heat basketball player Dwayne Wade is currently paying $25,000 a month in alimony to his ex-wife. Alimony has been a much-discussed family law issue in Florida recently. In addition, he pays $10,000 a month in her living and travel expenses. Wade, who has custody of the couple's two children, also paid her a $1 million lump sum. While the couple's divorce became final last year, Wade's ex-wife recently accused him of making it difficult for her to visit the couple's two children. There are other issues that also remain in dispute between the couple.

Family law legal issues, including division of assets in a high-asset divorce, child custody and support issues, as well as alimony, can often be emotional. Alimony is often referred to as spousal support and is considered a rehabilitative payment that the paying spouse can afford to make while the other spouse becomes able to support themselves after the marriage has ended. As is the case in many family law matters, spousal support can be agreed upon by the parties or awarded by the court.

The following considerations may be taken into account when determining an alimony amount that will be awarded. The age, physical and financial and other personal characteristics of the divorcing spouses; the period of time the spouse receiving spousal support would need to engage in some type of education or training to become self-sufficient; the standard of living the couple enjoyed during the marriage in addition to the length of the marriage; and the ability of the paying spouse to meet the support obligations.

Alimony laws may soon see changes in Florida which illustrates the importance of knowing and understanding the laws when considering a divorce or other family law issue. Thoroughly understanding what to expect can sometimes make such inherently emotional issues seem less stressful or confusing.

Source: Miami Herald, "Miami Heat's Dwyane Wade paying $25,000 a month in alimony," Jose Lambiet, April 25, 2013

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