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Affidavit of Defendant Spouse in Support of Motion to Amend or Strike...

Alimony Calculator In Massachusetts In Suffolk

Category:

Family Law - Divorce - Affidavits

State:

Multi-State

County:

Suffolk

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.

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FAQ

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.

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.

The purpose of alimony is to ensure both spouses can easily maintain their former lifestyle post-divorce. To qualify for alimony support, the receiving spouse must prove financial hardship and make a case for monetary assistance, whether temporary or long-term.

If your original divorce didn't award alimony, and didn't mention alimony in any way, you can file a complaint for alimony for the first time at any time after your divorce. To request alimony, you'll need to file: Complaint for Alimony. This is a form you write yourself, not a form you get from the court.

The person asking for alimony must show the court that he or she needs financial support, and that the other spouse has the ability to provide financial support.

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

The court will only award general alimony if the requesting spouse demonstrates a financial need. The duration, meaning the term of alimony payments, depends on the length of the 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.

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. This calculator calculates the alimony as identified in MGL Chapter 208 Section 53b: "Except for reimbursement alimony or circumstances warranting deviation. You must file in the Probate and Family Court in the county where the alimony was originally granted, usually where you were divorced. Our Massachusetts alimony calculator can help you with your first steps to determining the amount of alimony you will be paying or receiving. To get an understanding of how much Massachusetts alimony you should likely pay or receive, simply fill in the information on the link here. This tool will allow users to see the potential amount of alimony, paid on an annual (yearly) basis based on inputs of the payor and recipient's incomes. Contact Us Now - Call 617.471. In all cases, each party must complete a Financial Statement which provides a snapshot of current assets, debts, income and expenses.

Alimony Calculator In Massachusetts In Suffolk

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Is there a formula for calculating alimony?

How much alimony do most people get?

What qualifies a spouse for alimony in Massachusetts?

How to file for alimony in Massachusetts?

How to prove need for alimony?

What qualifies you for alimony in MA?

Is alimony always awarded in Massachusetts?

How do you calculate the present value of alimony?

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