Farias Family Law, P.C releases their own version of the MA Alimony Calculator

The calculator allows parties and attorneys involved in divorce to quickly run a calculation to estimate what an alimony order would likely be.

Fall River, United States – October 31, 2018 /PressCable/ —

Farias Family Law, P.C has released their own version of the Massachusetts Alimony Calculator. The calculator is a tool parties and attorneys can use to approximate the amount of alimony that would be ordered under certain financial circumstances. Here’s a link to the calculator and related frequently asked questions: https://www.billfariaslaw.com/massachusetts-alimony-calculator/

There are a number of factors the court must consider in determining whether alimony should be ordered and if so, how much. The primary factors are whether the potential payor has an ability to pay and the potential recipient has a financial need. Some other factors are the incomes of the parties, the length of marriage, contributions to the marriage (economic and non-economic), marital lifestyle and the ability of each party to maintain that lifestyle going forward.

If alimony is ordered, it’s generally limited to the financial needs of the recipient or 30-35% of the difference in the parties’ gross incomes. Therefore, it’s important to gauge how much the recipient will need to meet basic expenses. However, in addition to that, especially in long-term marriages, the court will make an effort to keep the recipient as close to the marital lifestyle as possible.

Because two households are generally more expensive than one, when parties split, the overall costs of both households are higher than when the parties were together. Therefore, there’s a general understanding that financial sacrifices are necessary – usually by both parties.

The MA Alimony Reform Act of 2012 incorporated time limits on alimony. Those limits are generally based on the length of the marriage: the longer the marriage, the longer the durational cap for alimony payments. Also, alimony generally ends when the payor reaches social security retirement age.

Another key change from the 2012 law, is that if a recipient is living with a significant other, alimony may be reduced, suspended or terminated. Previously, in terms of other relationships, only the recipient’s marriage would affect an alimony order. Now, the law treats “cohabitation” similarly.

In discussing the calculator’s creation, Attorney Bill Farias said:

“The calculator allows parties and attorneys involved in divorce to quickly run a calculation to estimate what an alimony order would likely be. It’s a valuable planning tool the parties can use to get an idea of how they should approach negotiations and what financial life may look like after an alimony order.”

Farias Family Law, P.C welcomes comments and questions from readers as they strive to constantly improve the quality of the content and tools they provide to those in need of family law information.

Anyone who has a specific question about a past, present, or future article can contact Farias Family Law, P.C via their website at https://www.billfariaslaw.com/

Contact Info:
Name: Bill Farias
Organization: Farias Family Law, P.C
Address: 277 Bedford St, Fall River, Massachusetts 02720, United States
Phone: +1-508-675-0464

For more information, please visit https://www.billfariaslaw.com/

Source: PressCable

Release ID: 436236