The HoffModifying alimony because of a change in circumstances is a matter actor David Hasselhoff knows well. I wrote before on the actor and his ex-wife, Pamela Bach, reaching a post-judgment agreement lowering his alimony payments to $10,000 a month in alimony, almost half of what he paid her previously.
The Baywatch actor originally filed legal documents in April 2016 to either completely cut off or significantly reduce spousal support to his ex-wife, whom he divorced after 16 years of marriage in 2006.The Hoff’s request for alimony modification is based on financial reasons. In a later filing, he claimed he had “less than $4,000 in liquid assets” to his name, and that he “recently had to withdraw additional funds from my retirement plan in order to pay for my living expenses.” The actor had also claimed he’d paid in excess of $2.3 million to his ex-wife since they divorced 10 years ago, not including the money he has spent supporting his daughters, who were teenagers at the time of the split.
Florida Alimony ModificationIn Florida, in order to modify alimony, the paying party requesting alimony modification must show three fundamental prerequisites: (1) a substantial change in circumstances, (2) the change was not contemplated at the time of the final judgment of dissolution, and (3) that the change is sufficient, material, involuntary and permanent in nature. There are many reasons for seeking an alimony modification in your payments: loss of a job, injury and retirement. The Supreme Court of Florida has addressed the impact of retirement on support obligations in Florida.
To determine whether a voluntary retirement is reasonable, courts must consider, in part, the payor’s age, health, and motivation for retirement, as well as the type of work the payor performs and the age at which others engaged in that line of work normally retire. There are additional criteria a court must consider as well.