Understandably, we receive many questions asked by individuals going through or considering divorce. A common question surrounds the division of assets. Typically, marital assets are equitably (not always equally) divided. The judge considers many factors when determining the division of property. These include the amount of the parties debts and the projected future earnings.
Alimony is often an important issue when considering divorce
The big question, “will I have to pay alimony or will I receive alimony?” The requirement for alimony depends on many factors. For example, does one party have a need for alimony? Clearly the judge will request current or projected budgets showing income less expenses. If it is determined that alimony is in-fact justified, the judge will then consider other factors such as whether there is an ability to pay. This is a critical component for the payment of alimony, obviously the other party must be able to pay.
It is important to have an experience law firm on your side when considering a contested or uncontested divorce case in Jackson County. Our law firm has been handling divorce and family law matters for over 60 years. Contact us today if you have any questions 517-208-0097.