Add Formulas and Calculations Legal North Carolina Alimony Forms For Free

The financial resources of the parties. This can include income, the property allocated to each party, a party's ability to independently meet his or her financial needs, and child support (if there are children).

40% of the high earner's net monthly income minus 50% of the low earner's net monthly income. For instance, if Spouse A earns $5,000 per month and Spouse B earns $2,500 per month, temporary spousal support might be calculated as follows: 40% of $5,000 = $2,000. 50% of $2,500 = $1,250.

PV = FV / (1 + r / n)nt FV = Future value. r = Rate of interest (percentage ÷ 100) n = Number of times the amount is compounding. t = Time in years.

Considerations When Calculating a Lump Sum Alimony Buyout A buyout is not calculated by simply adding up the periodic payments. The periodic payments are discounted back to the present value in today's dollars. To determine the present value, both parties must agree on the appropriate discount rate.

The guideline states that the paying spouse's support be presumptively 40% of his or her net monthly income, reduced by one-half of the receiving spouse's net monthly income. If child support is an issue, spousal support is calculated after child support is calculated.

The formula is simple: Divide the Wife's annual amount by the interest rate: $100,000 divided by . 10 = $1 million. The formula is known as the present value of a perpetuity because it continues in perpetuity.

If the court finds that the paying spouse committed adultery, the court must award the supported spouse alimony. However, if the court finds that the supported spouse or both spouses committed adultery, the court will use its discretion to award or deny alimony.

Under North Carolina law, alimony can be provided if one spouse is proven to be dependent on the other for support and maintenance of the standard of living he or she enjoyed before the decision to divorce.

In most cases, the court will award alimony for the duration of half the length of the marriage. For example, if a couple was married for 10 years, the dependent spouse would get 5 years of alimony. But, the court may deviate from this at any time depending on the circumstances of each spouse.