Calculating Spousal Support
If you are considering a Virginia divorce you may wonder how spousal support is calculated. Alimony, or spousal support, is determined using many factors unique to the financial circumstances of both you and your husband. Both parties' incomes, contributions to the marriage, and earning capacities are all taken into consideration.
Because so many elements come into play when calculating spousal support, many states have created spousal support guidelines to help provide a framework for how much the payer (spouse with the higher income) must pay the payee (spouse with the lower income).
In Virginia, the guidelines for spousal support include:
According to Virginia law, spousal support is deemed appropriate only if the gross income of one spouse is at least 50% greater than that of the other spouse. However, there may be some exceptions to this rule.
The main purpose of Virginia spousal support is to ensure that the lower-earning spouse does not suffer undue financial hardship during and following the dissolution of their marriage. The amount of spousal support you may receive can also be subject to cost of living adjustments over time.
A Virginia couple is free to negotiate a spousal support amount and schedule that works for them, and can detail all this in their Virginia separation agreement.
If you choose a mediated or collaborative divorce, you will have the extra benefit of guidance from experts in the many aspects of Virginia divorce, and the chance to discuss all your options with your spouse in a civil manner.
This way, you and your spouse can have limited court involvement and more freedom and control over your Virginia divorce process. In cases where mutually respectful communication is possible, collaborative divorce is a good option.
Whatever the circumstances of your divorce, a Virginia divorce lawyer can help you negotiate the fair terms of your separation agreement and Virginia divorce arrangements.
There are very specific rules governing divorce in Virginia. Learn about your legal options by contacting the Virginia divorce attorneys at Hofheimer/Ferrebee. We handle divorce cases for women only, and are committed to providing the experience and compassion that you deserve and the successful results you need. Contact us today to schedule a legal consultation - (757) 425-5200.
To order your free book-www.freedivorcebook.com
information on seminars-www.monthlydivorceseminars.com
info on collaborative divorce-www.virginiacollaborativelaw.com
information-estate planning for young families-www.generationslawfirm.com
information-family law and estate planning for the LGBT community-www.FamilyEqualityLawCenter.com
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