How Is Alimony Awarded and Calculated?Uncategorized
The two biggest reasons that divorce turns messy is custody of the children and money. The fight over money is usually about alimony. If you're going through a divorce, it's important to know how alimony is calculated to understand how it will be settled in the divorce.
Alimony is financial support to either spouse, husband or wife. Many factors determine if a spouse is awarded alimony payments, such as the length of the marriage, the age of the husband and wife, the income of each spouse, the standard of living, and the assets available. Here are some other factors that will be considered.
- Marketable Skills
- The judge will take into consideration how difficult it will be for the person seeking alimony to support him or herself based on education and job skills, as well as how easily he or she can obtain those skills.
- Ability to Pay Alimony
- The judge will also assess the ability of the supporting spouse to make alimony payments based on his or her earning capacity, standards of living, assets, and income.
- Domestic Violence
- Domestic violence perpetuated by the paying spouse is also considered when calculating alimony payments. The emotional distress resulting from abuse from either party is an important consideration.
Calculating alimony can be difficult and confusing. To understand if you should be entitled to alimony and to figure out how much alimony payment should be, contact a lawyer today. Legal representation makes it much more likely you will get the alimony payments you deserve.