This is a generic Affidavit to accompany a Motion to amend or strike alimony provisions of a divorce decree on the remarriage of the plaintiff former spouse. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Alimony Spouse Support Formula
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How to fill out Affidavit Of Defendant Spouse In Support Of Motion To Amend Or Strike Alimony Provisions Of Divorce Decree On Remarriage Of Plaintiff?
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FAQ
Permanent Alimony (Perpetuities) Answer: $1 million. 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.
Marriages lasting 0-15 years incur spousal support for 15%-30% of the length of the marriage. Marriages lasting 15-20 years incur spousal support for 30%-40% of the length of the marriage. Marriages lasting 20+ years incur spousal support for 35%-50% of the length of the marriage.
Formula to Calculate Present Value (PV) Present value, a concept based on time value of money, states that a sum of money today is worth much more than the same sum of money in the future and is calculated by dividing the future cash flow by one plus the discount rate raised to the number of periods.
Texas courts cap spousal maintenance payments at $5,000 or 20% of the payer's gross monthly income, whichever is smaller. But a judge can use their discretion to set the amount much lower depending on factors such as marriage length, the quality of the relationship, and employment potential.
As an example, the AAML alimony formula, which was created in an effort to standardize alimony calculation across different states, calculates 30% of the payor's gross income minus 20% of the payee's gross income.