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 Virginia In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00004BG-I
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Alimony (known as spousal support in Virginia) has long been considered taxable income for the recipient and deductible from the payor's income. Beginning January 1, 2019, that deduction is repealed.
The formula stated in § 16.1-278. is: (a) 30% of the gross income of the payor less 50% of the gross income of the payee in cases with no minor children and (b) 28% of the gross income of the payor less 58% of the gross income of the payee in cases where the parties have minor children in common.
The formula stated in § 16.1-278. is: (a) 30% of the gross income of the payor less 50% of the gross income of the payee in cases with no minor children and (b) 28% of the gross income of the payor less 58% of the gross income of the payee in cases where the parties have minor children in common.
Prove that you are earning less than your spouse: When your ex-spouse gets married: If the ex-spouse remarries, the court will end the alimony payments. Evaluation of the ex-spouse. Get the spouse to acquire skills. Retirement:
Most types of alimony will only last a short period and will have a specific end date. State laws vary, but, for example, if you've been married for five years, alimony could last for 2.5 years, depending on your location. Under very special circumstances, a spouse will be awarded permanent alimony.
Cases With Minor Children: 28% x Payor's Income – 58% x Payee's Income. Cases With No Minor Children: 30% x Payor's Income – 50% x Payee's IncomeP.
Factors that may determine spousal support in Virginia include but are not limited to: Factors which contributed to the dissolution of the marriage. Age differences between the two parties. Assets owned by either party. Debts owed by one or both parties.
There is no fixed rule or set duration that automatically makes one spouse eligible or ineligible for alimony payments. However, marriage length is a crucial factor judges consider when determining whether to award alimony and, if so, how much and for how long.
Two of the biggest alimony factors in Virginia when awarding spousal support are the financial need of the party asking for support and the ability of the person paying to supplement the income of the requesting spouse to meet their needs.
California determines alimony based on the recipient's “marital standard of living,” which aims to allow the spouse to continue living in a similar manner as during the marriage.