Alimony is a court ordered payment made from one former spouse to the other after divorce. It is paid in one of the three different forms like the lump-sum alimony, interim or temporary alimony and the permanent alimony.
Formulae:
A statutory formula is used 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 the both values, the lower amount is chosen as a temporary alimony.
