Are pensions considered marital property?

Are pensions considered marital property?

Generally speaking, a pension that is earned during the marriage is considered to be joint marital property and is subject to division during divorce, just like any other marital property. Any part of the pension that was earned prior to the marriage can be considered non-martial, separate property.

How long does spousal maintenance last?

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Spousal maintenance can be paid in a lump sum, or in periodic amounts, until a further order of the court, or for 3 years until a party completes a period of further training.

How spousal maintenance is calculated?

Spousal maintenance is paid for the benefit of the recipient spouse and is determined with reference to the recipient’s income, needs and earning capacity as well as the paying party’s ability to pay.

Will I have to pay spousal maintenance?

Although no one is automatically entitled to spousal maintenance, there is a common-law duty imposed upon all spouses to support one another during and after any marriage or civil partnership. Please note: If the recipient has a long-term partner and is cohabiting, but never remarries, payments must continue.

When can I stop paying spousal maintenance?

It is different to child maintenance. Spousal maintenance is usually paid on a monthly basis and continues either for a defined period (term of years) or for the remainder of the parties’ life (known as a “joint lives order”). Spousal maintenance ends if the recipient remarries or if either party dies.

How much maintenance should a wife get?

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The Supreme Court has set a bench of 25% of the husband’s net salary to be paid as alimony to the estranged wife. The Court said 25% is a “just and proper” amount for alimony as husband might have to take care of the needs of his family, if he has remarried.

Can working wife get maintenance?

Indian law contains provisions for maintenance under different laws like Section 125 of the Criminal Procedure Code, 1973; Section 24 of Hindu Adoption and Maintenance Act, 1956 and also under personal laws like the Shariat Law, etc. …