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.
Spousal Support Calculator In Pa In King
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King
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US-00004BG-I
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FAQ
The present value formula is PV=FV/(1+i)n, where you divide the future value FV by a factor of 1 + i for each period between present and future dates.
The formula used in the state of Pennsylvania states that the receiving spouse must receive 40 percent of the difference between the spouses' net incomes on a monthly basis. If the couple has children, the formula is altered to 30 percent of the net income difference.
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.
Courts only award post-divorce alimony if necessary, i.e., the recipient spouse cannot financially support themselves. Alimony is referred to as a “secondary remedy” by the court, in that it is not automatic in every divorce.
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.
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.
In Pennsylvania, it is possible to avoid alimony through negotiation of terms in the divorce settlement, proof of marital misconduct and establishing financial independence.
It depends. If used by an experienced family law attorney who knows what they are doing, it may provide a range of potential numbers. But this requires program tweaking—something that online California alimony calculators generally cannot do.
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Our tool will calculate how much spousal support a judge may order. Complete the fields to calculate and estimate.This Pennsylvania alimony calculator calculates Pennsylvania maintenance using Pennsylvania alimony formula. In Pennsylvania, spousal support is a monetary payment that may be ordered after parties have separated, but before their divorce is final. Like child support, the amount of spousal support to be paid is calculated based on a formula found in the statewide Pennsylvania Support Guidelines. This webinar will be an in-depth review of Family Law Software Pennsylvania Child and Spousal Support Guidelines. Find out how alimony is calculated in Pennsylvania and what factors the court considers when deciding spousal support awards. See how parenting time affects the total. Find out what judges consider when deciding how much alimony to award during or after divorce—and when courts use formulas to calculate spousal support. While there is no specific formula to calculate post-divorce alimony, Pennsylvania law does not grant the Court complete discretion.