When a marriage or domestic partnership ends, a number of issues must be resolved before either party can move on. Whether spousal support or partner support is involved, money is always a complicated issue. After the dissolution of a marriage or partnership, money is paid from one ex-spouse to another. Depending on the terms of the settlement agreement, support may be paid regularly or in a lump sum.
As a high net worth individual, it is essential to have a Beverly Hills divorce attorney who will protect your assets or pursue support if you depended on your partner or spouse during your relationship when it comes to spousal support (sometimes referred to as alimony). Regardless of the situation, Feinberg & Waller, APC can assist. Marshall Waller is certified as a Family Law Specialist through the Board of Legal Specialization of the State Bar of California. He is a member of the Association of Certified Family Law Specialists and the Association of Family and Conciliation Courts and he thoroughly understands the intricacies of family law and spousal support matters in standard and high-profile cases.
Spousal Support Determination Factors
In determining whether and how much spousal support is awarded, several factors come into play.
Factors such as:
- Marriage or partnership length;
- Living standards established during the relationship;
- Each spouse or partner's earnings and earning capacity;
- Whether employment would interfere with a parent's ability to care for their children;
- Both parties' ages and health;
- Acquisition and ownership of debt and property during the relationship;
- If domestic violence occurred during the marriage or partnership;
- Caregiving for children at home affected one party's career;
- Support for a party's career, education, and training.
In spousal support or palimony cases involving high net worth individuals, Marshall W. Waller has developed asset protection strategies to protect them. Additionally, he assists individuals in recovering the full amount they deserve by providing a clear picture of marital finances. A forensic accountant provides an accurate assessment of the value of real estate, retirement accounts, businesses, and other assets. He usually reaches a fair agreement without going to court.
How Is the Amount Determined?
As part of determining the amount of spousal support, a variety of factors are taken into account, including the marketable skills of the spouse to be supported, the standard of living during the marriage, the duration of the marriage, the age and overall health of both spouses, and the obligation to pay child support.
Spousal Support in California: What is the Statute of Limitations?
When it comes to collecting spousal support in California, there is no statute of limitations. When alimony is ordered by the court, it is referred to as spousal support in California.
How Long Does California's Spousal Support Last?
Generally, California calculates alimony based on how long the marriage lasted. Support is usually ordered for about one-half of the length of a marriage less than 10 years. A six-year marriage, for instance, would require three years of support. Before ordering one spouse to make monthly payments to the other, a judge will consider a number of factors before ordering spousal support or alimony payments.
Call Our Firm for Help Today
You should speak with an alimony attorney about your goals and concerns, whether you are seeking support, trying to avoid it, or seeking a modification of your spousal support.
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