What is Alaska Alimony Law?
Alaska Alimony Law is the term awarded to court-mandated financial support for a spouse after divorce proceedings have been concluded.
It is also referred to as spousal support.
The laws governing alimony vary widely from one state to another, and courts tend to show significant flexibility when considering if to award alimony, the amount to award, and the duration of the payments.
Alaska Alimony Law
Alaska’s alimony law sees alimony be received once a divorce has been finalized or annulled if the divorce and the marriage before it meet specific requirements.
The determinants of marriage and divorce might require payment be made by either of the two spouses.
The payments are usually in the form of goods or money, in either a lump sum or periodical payments that might include the cost of living adjustments. This is all at the discretion of the judge.
A significant issue that the court takes into account is custody of any children as a result of the former marriage. The frequency, requirement, and size of the payments to be made largely depends on the spouse that has custody.
The ruling on the payment also depends on the spouse that was responsible for the marriage’s collapse, the financial standing of that spouse, and the effects the divorce has had on the two parties.
Payments are also dependent on the marriage length and the monetarily and social commitment which both parties gave throughout the marriage.
The wellbeing of both individuals is also taken into account.
The health and age of both spouses are also considered, especially if a party is incapacitated of having an income sufficient enough to make the payments.
If any spouse has depleted assets for any reason, it is also noted when the ruling is made.
The judge is at his discretion to include the current value of both spouse’s retirement benefits when making the ruling.
What Is Considered When Calculating Alimony
The state of Alaska considers a plethora of factors when attempting to calculate just how much alimony should be paid and just how long it should last for before it is terminated.
The state of Alaska has a set predetermined list of variables defined by statutory law, which is to be deliberated upon by a presiding judge when considering alimony payments.
These variables might be connected to the formula used to calculate alimony.
Is marital fault considered in Alaska alimony LAW?
The state does not have a provision in its laws for marital fault, so it does not have any influence when determining or calculating alimony payments.
What this means is divorce as a result of abuse, infidelity cheating, or any other variables that do not influence alimony payment calculations.
Are living standards considered in Alaska alimony LAW?
Living standards are considered when figuring how much alimony to give for a divorce proceeding entered into in Alaska.
What this means is that the presiding judge has to consider the standard of life enjoyed by the party receiving the alimony while the marriage was still valid, before calculating a payment that is determined to be an accurate reflection.
Does custodial status influence determine alimony in the state of Alaska?
The state of Alaska allows a judge presiding over a divorce to consider what the spouse has custody of the child or children when determining the amount of alimony to be paid.
This translates to the alimony calculations being determined by if the receiving party has the custodial status of any children from the marriage. This might cause the amount paid to be increased.
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