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Farmington Hills divorce attorney spousal support

If you are getting divorced, you will likely have a variety of financial concerns, ranging from your ability to cover court costs and attorney’s fees, to how your marital assets and debts will be divided, to whether you will be able to support yourself once your marriage has ended. Depending on the income you and your spouse earn, one of you may be required to provide financial support to the other after your divorce. By understanding when spousal support (which is commonly known as alimony) is appropriate and how the amount and duration of payments are determined, you can prepare a post-divorce budget that will allow you to meet your ongoing needs.

Factors That May Affect a Spousal Support Award

Typically, spousal support is awarded if one spouse earns a significantly higher income than the other, and its purpose is to ensure that both spouses can continue living at the standard they became accustomed to during their marriage. In some cases, spouses may agree in their divorce settlement on the amount of support that will be paid, as well as the length of time that payments will last. Couples may also use a prenuptial agreement to specify whether alimony will or will not be paid in the case of divorce.

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Novi MI alimony lawyer“Manimony” is a play on the term alimony that describes the court-ordered amount a divorced woman pays to her ex-husband each month. If a woman makes significantly more money than her husband, she may be subject to paying him alimony post-divorce. According to the 2010 census, 3 percent of alimony recipients were men but that number has risen. 

How Alimony is Determined

There are many factors that will determine if alimony will be awarded, in what amounts, and under what duration. Two key factors are the length of the marriage and the difference between spouses’ incomes. The larger the income differential is and a longer length of your relationship can result in a higher alimony award. 

Other factors include: the past relations and conduct of the spouses, the abilities of the spouses to work, the source and amount of property awarded to the spouses in the property settlement of the divorce, the parties’ ages and health, a spouse’s fault in causing the divorce, and overall fairness.

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Farmington Hills divorce attorney, 2018 tax law, alimony, taxable income, alimony payments Spousal support, also known as alimony, presents some of the toughest questions in a divorce settlement. Should one spouse have to make monthly support payments to the other after the divorce, and if so, in what amount and for how long?

How Alimony is Determined in Michigan

Under Michigan state law, there is no given formula for calculating the amount and term of spousal support payments. Instead, the spouses and their attorneys may either decide this amongst themselves or leave it to a judge to decide.

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