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.
It is possible to devote time on-line searching for the lawful file web template that suits the federal and state requirements you need. US Legal Forms provides a huge number of lawful types which are evaluated by pros. You can actually download or produce the Hawaii Alimony Trust in Lieu of Alimony and all Claims from our support.
If you already have a US Legal Forms profile, you can log in and click the Download button. After that, you can complete, edit, produce, or indicator the Hawaii Alimony Trust in Lieu of Alimony and all Claims. Every lawful file web template you get is yours eternally. To obtain yet another duplicate for any purchased type, check out the My Forms tab and click the related button.
If you work with the US Legal Forms internet site the very first time, keep to the simple guidelines below:
Download and produce a huge number of file themes utilizing the US Legal Forms site, which offers the biggest collection of lawful types. Use expert and status-particular themes to take on your organization or personal requirements.
Hawaii is a no fault divorce state, which means that it's enough to say the marriage is irretrievably broken. No personal matters about the marriage problems need to be stated in the divorce papers unless you need a court hearing on those issues.
Courts in Hawaii divide assets ing to equitable distribution. This means that marital assets are divided fairly and equitably, but not always on a 50/50 basis. The court must consider several factors before approving how assets are divided. Marital debts are also treated in a similar fashion.
There are two different types of alimony in Hawaii: temporary and permanent. A judge might grant temporary alimony if one spouse needs to adjust to a less affluent lifestyle, or perhaps to help them finish training to become viable in the job market.
Hawaii child support is based on the number of overnight visits. Hawaii uses overnights or where the children sleep as the basis for figuring shared custody timeshare percentages in its child support formula. Besides income, overnight totals are a key part of the Hawaii child support formula.
Typically, this type of alimony may last about six months to a few years. The second type of alimony is permanent, yet it is awarded very rarely in Honolulu. A court might order permanent alimony if a spouse doesn't have any job prospects because of a disability or old age.
When deciding if and how much alimony is necessary, if any, the court considers the following factors, amongst others: Each party's earning capacity. The parties' ages and physical and mental health. The parties' standard of living during the marriage.
Transitional alimony is generally awarded for 2 to 4 years post-divorce. Sometimes, alimony recipients decide to get further training or education to improve their post-divorce income capacities.
Judges in Hawaii can order temporary, short-term (transitional or rehabilitative), or long-term spousal support. Temporary spousal support is common during the divorce process, and the court may order it to help a lower-earning spouse meet financial needs while the divorce is pending.
