This is a generic Affidavit to accompany a Motion to amend or strike alimony provisions of a divorce decree because of the obligor spouse's changed financial condition. 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 Calculator In Mississippi In Illinois
Category:
State:
Multi-State
Control #:
US-00004BG-I
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Periodic alimony is appropriate in divorces where one spouse is unable to become financially independent, due to disability, age, or absence from the job market for an extended period. Periodic alimony ends when the recipient remarries or cohabitates or if either spouse dies. (Holley v. Holley, 969 So.
Like most states, Mississippi uses the "equitable distribution" model to determine ownership of a married couple's assets and debts. That means that judges will divide a couple's property in a way that is fair to both spouses—which doesn't necessarily mean a 50-50 split.
The judge will also consider other related issues and circumstances presented in evidence. The judge strives to set an alimony amount that will provide the receiving spouse with approximately the same standard of living as experienced in the marriage. This gives the court a large degree of discretion.
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.
If you can show financial need and your spouse has the financial means to support it, the court can award you alimony, also known as spousal support. An alimony award might also be appropriate if you are unemployable, meaning that you lack training or education or you have a disability and are unable to work.
Calculating Alimony in Mississippi Mississippi does not have specific guidelines or an alimony calculator. Each Judge makes decisions on a case by case basis, depending on the factors listed above. There is no formula for calculating spousal support.
Alimony is usually around 40% of the paying party's income. This number is different in different states and different situations. The court also looks at how much the other party makes or could make and how much they need to maintain their standard of living.
Eligibility for Alimony in Illinois Standard of living established during marriage. Age, health, employability, and educational level of each spouse. Earning capacity and ability to become self-supporting for the spouse seeking maintenance. Property, including marital and non-marital assets, divided between spouses.
More info
The following calculator provides an estimate of a potential alimony award in the State of Mississippi. Find out who gets alimony (spousal support) after a divorce in Mississippi, and how much it will be.Calculate alimony quickly and accurately with our state-specific alimony calculators. Get an estimate based on your state's guidelines for free. How much alimony someone gets depends on the factors of the case. You can use our alimony calculator to estimate alimony payments based on your situation. Get an estimate for alimony payments and duration. Get an idea on how much money a month you can expect to pay, and for how you can expect to pay it. To calculate Illinois guideline maintenance, you must enter gross income, child dependent, and marriage length information into the calculator. Learn about the types of alimony available in Illinois, how it's calculated, and the factors courts consider when awarding spousal maintenance.