This is an agreement in which Spouse A (the spouse who is ordered by the court to make alimony and/or child support payments to Spouse B) must put assets (the principal) in a trust, from which the payments are made to Spouse B.
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.
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There are three types of spousal support in Oregon: transitional spousal support, compensatory spousal support, and spousal maintenance. Many people still refer to spousal support as ?alimony? but it's more properly referred to as ?spousal support.?
The Factors Considered in Oregon Spousal Support the length of the marriage. both spouses' financial needs and resources. the requesting spouse's work experience, employment skills, and income potential. which spouse has custody of the child(ren) and which spouse pays child support.
They may have end dates, or they may be indefinite. Indefinite orders are sometimes known as ?permanent? alimony because they typically last until either spouse dies, the recipient remarries, or a modification is granted. Permanent orders are most common after ?long-term? marriages, those lasting a decade or longer.
Oregon law instructs the Court to consider the following factors in awarding compensatory spousal support: The amount, duration, and nature of the contribution; the duration of the marriage; the relative earning capacity of the parties; the extent to which the marital estate has already benefited from the contribution; ...
In Oregon, there are three different types of spousal support: transitional. compensatory. spousal maintenance.
Depending on its purpose, support is sometimes ordered for a few years, sometimes for an indefinite period, and sometimes just until the spouse who gets support finds a job. Spousal support does not always end when the spouse who is getting support remarries.
Oregon courts will consider modifying or terminating alimony when either spouse has experienced a substantial change in financial circumstances. Generally, the change in financial circumstances must be involuntary and unexpected.
For spousal maintenance, the judge considers what support is appropriate to keep a standard of living similar to what was enjoyed in the marriage. This support could be ordered for a specific time, or permanently.
