What is considered marital waste in a divorce?
What is considered marital waste in a divorce?
Marital waste occurs when one party of a divorcing couple begins to excessively spend money, damage property or sell belongings in hopes of depriving their spouse of those assets. This is also sometimes called dissipation of marital assets.
Does length of marriage affect alimony?
The “length of the marriage” affects the kind of alimony. Usually judges order more alimony for longer marriages; the longer the marriage, the more alimony a judge will order.
Is alimony for the rest of your life?
Permanent alimony does not necessarily mean that the payment will last for the rest of one’s life, but until the occurrence of a terminating factor such as: cohabitation; remarriage; or death of the payee spouse. There is no set time for rehabilitative alimony to end and is determined based on the individual situation….
Why would a spouse get alimony?
The purpose of alimony is to limit any unfair economic effects of a divorce by providing a continuing income to a non-wage-earning or lower-wage-earning spouse….
Do you always have to pay alimony in a divorce?
Learn about how alimony works and what to expect before filing for divorce. Alimony isn’t automatic and it isn’t ordered in every divorce. However, in cases where a spouse requests alimony and a judge determines that an alimony award is appropriate, the higher-earning spouse may have to pay alimony for years to come.
How is maintenance calculated in a divorce?
The formula for Maintenance is calculated by taking 30% of the payor spouse’s gross annual income minus 20% of the payee’s gross annual income. The amount that is calculated as Maintenance cannot result in the payee spouse receiving more than 40% of the combined gross income of both spouses….
How do you fight spousal support?
When a spouse is required to pay alimony that he or she believes is unfair, an attorney can request reconsideration by the court. This will most likely result in not only an individual deciding to fight alimony, but fighting many other financial decisions as well.
Who is entitled to spousal maintenance?
Spousal maintenance is often awarded to a spouse who has been left with the care of children under 18, who does not have the earning capacity owing to caring for children under 18, where there are few assets of the marriage available for division between the parties and if one party has significantly greater income …
Do I have to pay alimony if my spouse refuses to work?
A judge may order you to pay spousal support for a set period of time, to give your spouse time to get back to work. If your spouse is capable of work but refuses to get a job, that is no longer your problem once you have fulfilled your court obligations for paying support.
