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.
There are many considered factors, but the primary factors used to determine spousal support is income and earning capacity. The Court looks at the present income as well as separate property available to the supported party.
Armstrong, the Mississippi Supreme Court set the following guidelines to be followed in the award of Alimony: The income and expenses of the parties; The health and earning capacities of the parties; The needs of each party; The obligations and assets of each party; The length of the marriage;
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.
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.
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.
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.
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.