Buffalo, NY Alimony and Spousal Support
During the course of your marriage, you and your spouse will likely have become financially dependent upon one another. When you decide to separate or divorce, Buffalo, NY spousal support payments can be negotiated in order to provide each party with the economic resources they need to maintain a standard of living that is comparable to what you enjoyed during the marriage.
Factors That Help Determine Eligibility for Alimony in Buffalo, NY
As with most issues related to marriage, divorce, and division of marital assets, couples who choose to separate in New York state are expected to use a state-prescribed formula in order to determine if either party is eligible to seek spousal support, and if so, how much.
The state-legislated alimony calculations take into account the income of both spouses, the age and health of each spouse, and the present and future earning potential. Courts will also review any pre-marital agreements (pre-nups), the availability and price of medical insurance, and factors that impacted the earnings of both parties during the marriage.
For example, if one spouse delayed their pursuit of advanced education in order to support their partner's pursuit of training or career opportunities during the relationship, the courts will consider the impact of those actions. The same applies for parents who remained home to raise children.
Reducing The Legal Costs of Spousal Support Agreements
The courts encourage couples to try to come to an agreement with regards to the spousal support arrangements rather than relying on a judge to decide what's best for the family,
Here at Divorce Mediation Services of Buffalo, our experienced, compassionate divorce mediator can provide you and your spouse with the guidance you need to achieve a mutually-agreeable settlement with regards to your Buffalo, NY alimony arrangement, saving you the cost and stress of a lengthy court battle. Learn how we can help.
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Divorce Mediation Services of Buffalo LLC. Is not a law firm and does not provide legal advice or counsel. Each party has been encouraged to be fully advised by their respective counsel regarding the legal, financial, and practical effect of any agreement entered into.