What factors are considered in determining the amount of alimony to be paid?
All relevant factors should be considered. The Divorce Code specifically lists 17 factors to consider. Among the most important of these are: • The after tax income or earning capacity of the parties; • The parties’ ages and their physical, mental and emotional conditions; • The duration of the marriage; • Contributions by one party to the education or training of the other; • The financial impact of the fact that the party will be the principal custodian of a minor child; • The parties’ standard of living during the marriage; • The educational background of the parties and the time that may be necessary to acquire sufficient education or training to allow a party to find appropriate employment; • The assets and liabilities of the parties (including those awarded in equitable distribution); • The contribution of a spouse as a homemaker; • The needs of the parties; • The tax ramifications of the alimony order; and • Whether the party seeking alimony is incapable of self support through
Related Questions
- What factors will the court consider when determining how much alimony to award to a party? Is a partys degree of fault considered?
- What factors will the court consider when determining how much alimony to award to a party? Is a party’s degree of fault considered?
- top of page) 9. What are the factors for determining maintenance (alimony)?