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 For Virginia In Michigan
Category:
State:
Multi-State
Control #:
US-00004BG-I
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
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.
There is No Specific Formula for Spousal Support Unlike with child support, there is no formula that will tell you whether or not you will get spousal support or how much you will get. Spousal support is decided on a case-by-case basis.
There is No Specific Formula for Spousal Support Unlike with child support, there is no formula that will tell you whether or not you will get spousal support or how much you will get. Spousal support is decided on a case-by-case basis.
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.
In Michigan, the court evaluates various factors such as each party's income, age, health, and the duration of the marriage to determine the necessity, amount, and duration of 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.
Sometimes, people mistakenly think that alimony is automatically awarded to the spouse who earns less, but that's not the case in Michigan. The Michigan Court of Appeals has determined that spousal support must be determined on a case-by-case basis and abolished the use of a formula adopted by lower courts.
More info
The following calculator provides an estimate of a potential alimony award in the State of Michigan. Learn about the types of alimony available in Michigan, how it's calculated, and the factors courts consider when awarding spousal support.Get an estimate for alimony payments and duration. Get an idea on how much money a month you can expect to pay, and for how you can expect to pay it. The Michigan Alimony Calculator is designed to offer estimations based on various input factors, such as income, length of marriage, and specific circumstances. Our alimony calculator will provide you with a basic support calculation for the following states or formulas. The Virginia Maintenance (Alimony) Calculator makes Virginia pendente lite maintenance calculations with one click of the mouse. Use this calculator the get an estimate of alimony for the state of Virginia! Find out how alimony (spousal support) is awarded and calculated in Virginia. Our tool will calculate how much spousal support a judge may order.