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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Connecticut law does not set durational limits but requires the court to specify the basis for any indefinite or lifetime alimony order. In both states, with certain limitations, alimony may be modified when there is a substantial or material change in circumstances of either party.
The 17 Alimony Factors in Pennsylvania Relative earning capacity of each spouse. Age, physical and mental health of each spouse. Sources of income of each spouse. Inheritances of each spouse. Marriage length. Contribution to spouse's education. Children: whether earning capacity of the custodial parent is affected.
Which much like determining an amount, duration is not so easy to agree on. And there's no set formula for determining how long you have to be married to get alimony in PA.
Alimony is ordered when one spouse cannot meet their own reasonable needs. Once a divorce decree is finalized and all property is equitably distributed, financial support is known as alimony in Pennsylvania. The amount and duration of alimony are based on consideration of a wide variety of factors, including income.
Pennsylvania courts award ?reasonable? alimony when the court determines that alimony is ?necessary?. Unfortunately, all too often what you may think is reasonable and necessary and what the court thinks is reasonable and necessary are often two very different things.
Calculation of the Alimony Amount There is no strict rule or benchmark rule in cases of one-time payments. However, in such cases, the husband or the wife has to pay n 1/5th to 1/3rd of their net worth. Therefore, the court considers several factors while calculating the amount for alimony.
There's no minimum length of time that a spouse has to be married in order for alimony to apply. While the length of the marriage is an important factor in the alimony statute, it's one of 17 factors that the court will consider.
