A Short Guide to Maryland Alimony Calculators
What is a Maryland alimony calculator?
An alimony calculator is intended to help individuals estimate their marriage’s alimony payment given a few variables such as the length of the marriage and the relative incomes of the two spouses involved.
Very few Maryland alimony calculators exist unfortunately. That is because alimony calculators require hard guidelines for spousal support in a state in order to create a mathematical formula. Since state law allows judges quite a bit of freedom in crafting alimony payments, it is simply impossible to put together a useful alimony calculator for Maryland.
Is there a Maryland alimony calculator for plaintiff requests?
While the Maryland Court of Appeals has banned formulas in establishing alimony payments, no such ban is in place for lawyers requesting alimony. To know how much your spouse’s lawyers or how much your own lawyers will request in alimony, follow along with this alimony calculator for Maryland.
1. Estimate the joint cost of living during the marriage by looking at spending during a year of marriage and deducting costs related to dependents such as minor children.
2. Divide the joint cost of living in two, to make the estimated individual cost of living according the standard of living from the marriage.
3. Subtract from that amount the earnings of the less wealthy spouse. This is the amount the Maryland alimony calculator tells spouses to request.
What factors does a Maryland alimony calculator consider?
We can still simulate the effect of an alimony calculators for Maryland by looking at the factors which state law dictates should control alimony payments. Consider the following questions, based on Maryland law. The more yes answers you give, the higher the estimate a Maryland alimony calculator will give you.
1. Does one spouse’s income exceeds the other’s by a significant amount (at least $10,000, though the threshold may be much higher)?
2. Does one spouse get considerable income from investments and property that was allotted to them as part of the divorce settlement?
3. Was the marriage at least five years in duration? Ten years? Twenty or more years?
4. Is one spouse fifty or older, so that it’d be difficult to successfully re-enter to workplace?
5. Does one spouse have a physical or mental disability which, no matter how minor, makes full employment difficult?
6. Did one spouse raise their child or children full-time during the marriage, so that the child or children will expect this relationship to continue after the divorce?
7. Does the wealthier spouse have considerable separate property?
8. Did the two spouses enjoy a considerable standard of living their marriage? Is one spouse not able to maintain that standard of living independently?
9. Was the marriage’s dissolution attributed to one spouse’s fault?
10. Will the paying spouse enjoy a tax benefit from paying alimony that they may be expected to pay as additional alimony?
11. Did the spouse requesting alimony contribute significantly to the marriage, either as a domestic homemaker or as a worker raising funds for the other spouse’s education?