How is alimony calculated?
In Mississippi, alimony is calculated according to the Mississippi Alimony Reform Act of 2018. The court will consider a variety of factors in determining the amount and duration of alimony, including each party’s overall financial situation, the standard of living during the marriage, each party’s earning capabilities, and the length of the marriage. The court considers each party’s current income, earning potential, and ability to pay and receive alimony. The court will also take into account other financial obligations such as child custody and property division arrangements. If one party is at a disadvantage due to the divorce, then it may be necessary to compensate them through alimony payments. The court will also consider the age and health of the parties, and any disabilities or other hardships that may be relevant. The court will consider the contributions each party has made to the marriage as well. These contributions may include services rendered such as homemaking, childcare, and financial contributions. The court considers the duration of the marriage, including whether any separation occurred during the marriage, and the circumstances surrounding the separation. The court also considers other factors such as cohabitation or any other factors the court deems relevant. Ultimately, it is up to the court to review all relevant factors and decide the amount of alimony and how long it should last.
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