What is the formula for alimony in NY?

The court calculates the presumptively correct sum for spousal maintenance by deducting 20% of the requesting spouse's income from 30% of the other spouse's income. The lower figure from the two computations will determine the yearly maintenance award.

What are the formulas for alimony?

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.

US Legal Forms
Affidavits
Affidavit of Defendant Spouse in Support of Motion to Amend or Strike...

Alimony Calculator For Pennsylvania In New York

Category:

Family Law - Divorce - Affidavits

State:

Multi-State

Control #:

US-00004BG-I

Format:

Instant download

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.

View Payoff letter for private mortgage in Wayne

View this form

View Payoff letter for private mortgage in Oakland

View this form

View Payoff letter for private mortgage in Massachusetts

View this form

View Payoff letter for private mortgage in Middlesex

View this form

View Payoff letter for private mortgage in Pennsylvania

View this form

Transportation and Travel Time Agreement

View this form

Form Rating

4.55

Satisfied(395)

Form popularity

FAQ

In Pennsylvania, it is possible to avoid alimony through negotiation of terms in the divorce settlement, proof of marital misconduct and establishing financial independence.

The determination of spousal support is made by taking the difference in the net incomes of the parties, and multiplying that figure by a certain percentage (40% in cases where there is no concurrent child support, and 30% where there is child support in place).

The court will determine how long you or the other party will receive alimony. If you have been married for 20 years or longer, there is no limit to how long you can receive alimony. However, if you were married for less than 20 years, you cannot collect alimony for more than 50% of the length of the marriage.

The court calculates the presumptively correct sum for spousal maintenance by deducting 20% of the requesting spouse's income from 30% of the other spouse's income. The lower figure from the two computations will determine the yearly maintenance award.

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 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.

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.

In Pennsylvania, the courts may award permanent alimony when a recipient spouse is unable to become financially independent due to age, disability or lack of job qualifications. Judges consider 17 factors set out by law and have discretion in setting an appropriate amount and duration for payments.

More info

This Pennsylvania alimony calculator calculates Pennsylvania maintenance using Pennsylvania alimony formula. Find out how alimony is calculated in Pennsylvania and what factors the court considers when deciding spousal support awards.Use this calculator the get an estimate of alimony for the state of Pennsylvania! New York Alimony or Maintenance Calculator that calculates alimony or maintenance payable based on a state formula. Our alimony calculator will provide you with a basic support calculation for the following states or formulas. Alimony, or "spousal maintenance" in New York, is a payment that one spouse makes to the other spouse during or after a divorce. Specific factors are determined in calculating spousal support in New York including income of both parties and the duration of marriage. Estimate your PA alimony quickly with our easy-to-use calculator. Get accurate results in just a few clicks. Unlike child support and Alimony Pendente Lite (APL), there is no online calculator to determine an exact amount of alimony.

Alimony Calculator For Pennsylvania In New York

Description

Related forms

Viewed forms

Show more info

Form Rating

Form popularity

FAQ

What disqualifies you from alimony in Pennsylvania?

What is the formula for alimony in PA?

How long does it take to get alimony in PA?

How is alimony determined in Pennsylvania?

What is the formula for alimony in NY?

What are the formulas for alimony?

How do you calculate the present value of alimony?

Is there a formula for calculating alimony?

What are the rules for alimony in PA?

More info

Trusted and secure by over 3 million people of the world’s leading companies