Alimony is a court-ordered payment made from one former spouse to the other after divorce.
It’s paid in one of the three different forms like the lump-sum alimony, interim or temporary alimony, and the permanent alimony.
Formulae:
Court use a statutory formula for calculating the temporary alimony in New York, and it includes;
- Subtracting 20% of the supported spouse’s income from 30% of the paying spouse.
- The total income of both will be multiplied by 40%, and then the supported spouse’s income is subtracted.
- Now from both values, the lower amount chosen as temporary alimony.
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Alimony to be given or received can be understood only after having your divorce case reviewed, for which it is best to contact an alimony attorney.
