Alimony Calculator In Massachusetts In Los Angeles

State:
Multi-State
County:
Los Angeles
Control #:
US-00004BG-I
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Description

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.

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  • Preview Affidavit of Defendant Spouse in Support of Motion to Amend or Strike Alimony Provisions of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition
  • Preview Affidavit of Defendant Spouse in Support of Motion to Amend or Strike Alimony Provisions of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition

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FAQ

To qualify for alimony support, the receiving spouse must prove financial hardship and make a case for monetary assistance, whether temporary or long-term.

Alimony—known as spousal support in California law—is intended to provide some financial assistance for a spouse who needs it during the divorce process and for a period of time after the final divorce (or "dissolution of marriage").

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.

Alimony is usually around 40% of the paying party's income. This number is different in different states and different situations. The court also looks at how much the other party makes or could make and how much they need to maintain their standard of living.

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.

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.

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.

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.

More info

Enter your income and marriage date to calculate the amount and duration of general term MA alimony for your case. Includes post-tax report.Calculate your potential alimony payments with help from the tools on our Massachusetts divorce attorneys' website. An alimony calculator can provide a rough estimate of potential alimony obligations in California. This California alimony calculator calculates California maintenance using the California county alimony formulas. Quick video on alimony. Calculate alimony quickly and accurately with our state-specific alimony calculators. Get an estimate based on your state's guidelines for free. This calculator calculates the alimony as identified in MGL Chapter 208 Section 53b: "Except for reimbursement alimony or circumstances warranting deviation. Complete the fields below and press calculate to estimate alimony.

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Alimony Calculator In Massachusetts In Los Angeles