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2
Divorce Settlement
Section Outline
Alimony
Marital Property
Custody and Support of Children
Custody of Children
Support of Children
Understanding Business and Personal Law
Pre-Learning Question
What is alimony?
Alimony
In the legal context of divorce,
alimony is an allowance for support
and maintenance made to a divorced
person by a former spouse. It is not
intended as a penalty.
Alimony
There is no fixed rule for determining
the amount of alimony.
However, certain factors are taken into
consideration.
Alimony
These include your:
income and earning capacity
financial resources
future prospects
Alimony
current obligations
the number of dependents
the number of former or subsequent
spouses
Alimony
Also considered are your spouses:
situation in life
earning capacity
separate property
Alimony
contribution to your property
age
health
obligations
number of dependents
Pre-Learning Question
How is marital property distributed in a
divorce?
Marital Property
Most states have laws intended to
assure equitable distribution of marital
property when a couple divorces.
Marital Property
Equitable distribution laws allow
judges to distribute property equitably,
or fairly, between a husband and wife,
regardless of who has title to the
property.
Marital Property
Judges consider the
age of each spouse
individual earning power of each
spouse
Marital Property
length of the marriage
contributions of each spouse to the
marriage, including the value of
homemaking services
Pre-Learning Question
How are children provided for in a
divorce?
Custody of Children
The parents of children born within a
marriage are considered to be joint
guardians of their offspring.
If they break up, each parent has
equal right to custody of the children.
Understanding Business and Personal Law
32.2 32.2
Section
Divorce Settlement
Custody of Children
Legal
custody
Physical
custody
Sole
custody
The children live with the custodial parent, and visitation rights
are given to the noncustodial parent.
Joint custody
Custody of Children
Custody arrangements must be
approved by the court and can be
made by
agreement between the parties
mediation
the decision of a judge
Understanding Business and Personal Law
Custody of Children
In awarding custody, the court
attempts to determine what is in the
best interests of the child.
Support of Children
Child support is a basic obligation of
every parent.
This obligation exists regardless of
which parent has custody.
State Guidelines
Federal regulations require that every
state adopt child support guidelines.
The guidelines must:
Take into consideration all earnings
and income of the noncustodial
parent.
Understanding Business and Personal Law
State Guidelines
Have specific criteria and a
mathematical formula that
determine the support obligation.
Provide for the childrens healthcare
needs, through insurance coverage
or other means.
Understanding Business and Personal Law
State Guidelines
Federal regulations also recommend
that states adhere to the following
principles when establishing their
guidelines:
State Guidelines
Both parents should share
responsibility for support of their
children in proportion to their
income.
State Guidelines
The subsistence needs of each
parent should be considered, but
the child support obligation should
never be set at zero.
State Guidelines
Child support must cover a childs
basic needs, plus ensure that the
child is entitled to share in a
parents standard of living.
State Guidelines
Each child has an equal right to
share in his or her parents income,
subject to the childs age, the
parents income, income of a
current spouse, and other
dependents.
Understanding Business and Personal Law
State Guidelines
Each child is entitled to support,
even if the parents were not married
at the time of his or her birth.
State Guidelines
A guideline should encourage the
involvement of both parents in the
childs upbringing.
Enforcement
A legal order for child support is
necessary to assure enforcement of
child support.
The Uniform Interstate Family
Support Act (UIFSA) allows support
orders of one state to be enforced in
every state.
Understanding Business and Personal Law
Enforcement
The act also provides for the
registration of support orders in
different states so that people who
do not pay can be found more
easily.
ANSWER
Custody means being a guardian,
while support means providing money.
ANSWER
Alimony provides financial support for
the former spouse, while child support
provides financial support for the
offspring.
Asset Distribution
Milka and Marvin are divorcing after 25
years of marriage. Together they own a
home worth $125,000, furniture worth
$56,500, and two cars worth $22,300, and
they have approximately $45,630 in cash.
Understanding Business and Personal Law
Asset Distribution
Based on the contributions of each spouse
to the marriage, the judge has ruled that
Milka will receive 66.6 percent of their total
assets. What is the dollar value of Milkas
distribution?
Understanding Business and Personal Law
Asset Distribution
$125,000 + 56,500 + 22,300 + 45,630 =
$249,430; $249,430 x .666 = $166,120.