Wednesday 1 March 2017

Alimony Calculator

Can you give me the alimony calculator that the judge uses in Utah divorce cases?

Nope.

Because there is no alimony calculator that the courts use in Utah.

I explain a lot in this video:

Alimony is a payment from one spouse to the various other in order to help the recipient partner maintain a way of living as close as possible to the marital standard of living. It is not gender-based; either spouse might request alimony from the other. A court will not just give out alimony to you if you are monetarily disadvantaged, however. Simply put, you can’t get alimony from your spouse if you are the one that has more income, whether by residential or commercial property, or both.

Often, courts award spousal support payments after having the marital residential owned by the spouses sold. By doing this, the court knows the revenue and various other assets of the partners, in addition to the financial obligation commitments that each must bring, as well as can make an alimony honor that’s ideal to the conditions.

Variables Considered for Settlement of Spousal support

When the court works out the spouses’ property rights, it will certainly take into consideration any requests for alimony by either side. Normally, the court looks to the standard of living at the time of separation to identify suitable alimony, yet it can likewise look at the scenario at the time of trial if there has been a considerable adjustment in resources because the time being separated. The general rule is 7 years. If your marriage was brief and there are no minor children, the court might not award you any alimony.

The court could also consider how long you were married. Did one party not go to college so the other could? If the marital relationship was long as well as one partner is at the limit of a major adjustment in earnings because of the collective efforts of both partners throughout the marriage, that change likewise will be a factor in the spousal support award. The court has substantial ability to do whatever the judge wants to do when awarding spousal support as well as looking at who is “at fault” in causing the marital relationship to fall short too.

The Income Equalization Method

The court does not need to utilize an established formula– plugging in the partners’ revenues and child-support obligation, to name a few elements– to come up with a payment quantity. It can order spousal support based upon an income-equalization calculation where neither partner earns enough to be self-supporting as well as cover the other spouse’s needs.

I have seen the income equalization method used alot. Commissioner Luhn used it on a case for me last year when we had a “temporary alimony” case. That is when we move forward in a divorce case to get temporary orders – and we asked for temporary alimony at the time.

Is Alimony Taxable?

Yes, if you are paying spousal support, your alimony payments are tax deductible. If you are getting spousal support, the Internal Revenue Service taxes what you get as earnings. So you must report them on your taxes.

You could review the law on spousal support in the Utah Codes Section 30-3-5. Two of the most important cases in Utah law that discuss alimony in Utah are: Batty v. Batty 153 P. 3d 827 (2006) and Sellers v. Sellers 246 P. 3d 173 (2010). For information on spousal support as well as tax obligations, look at IRS Publication 504.

How Long Will You Get Alimony and When Does it End?

In Utah, alimony payments usually last just as long as the years the marriage existed.

The court might make it for a shorter or longer time, but only if the right situation exists. Also, alimony automatically ends when the recipient remarries or when either party passes away. Where the recipient spouse doesn’t remarry but moves in with a new companion, the payor spouse can ask the court to terminate alimony payments. We have done this on several occasions.

Conclusion

Regardless of what your specific circumstances are, if you have questions about alimony in Utah and how to get it, stop paying it, modify it, etc., please give us a call to help.

We really do enjoy helping people with divorce and alimony issues.

Alimony Calculator in Utah

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5507
SEO by Jeremy Eveland


source http://lawyerdivorceutah.com/2017/03/01/alimony-calculator/

No comments:

Post a Comment