Financial relief Essay Example | Topics and Well Written Essays - 1500 words

Financial relief - Essay ExampleThese eventors include the ages of Megan and Hugh and the duration of their espousals, contributions do by Megan through her income, looking after their home and children, the familys needs, assets and earning capabilities of Hugh and Megan, the age, mental, physical and emotional healthy being of some(prenominal) Megan and Hugh, their standard of living before separation, and whether being the custodian of the children will limit Megan from earning a substantial income. Hughs adultery, which is said to have begun since their first born was born, will not be considered in determining whether to gift spousal maintenance to Megan. According to Rossini, alimony is separate and apart from monies paid for financially dependent children as child support. In some jurisdictions under certain conditions, alimony may be taxable income for the receiving system (and deductible for the payor). 2 It is possible for the court to assess Megans needs and decide on whether to deliver her compensatory maintenance to enable her to save and ease her transition on the feature that had she not gotten married and inclined up her well nonrecreational job to look after the kids, her career just like Hughs would have progressed. The Ages of Megan and Hugh and the Duration of their Marriage Determination of Megans eligibility for spousal maintenance is a vital regard by the court. The ages of Megan and Hugh are important in determining how easily each of them can make a fresh start, which has a profound impact on their resources and expenditure in future. The length of their marriage is alike important in determining how they ought to share assets and Hughs income. In the United Kingdom, a marriage of quadruple geezerhood is considered as a short one, while a marriage of twenty five years is considered as a long one.3 Megan and Hugh have been married for more than four years do their marriage a long one. They are both however not too old to remarry making it easy for both of them to start their married lives afresh with other spouses in future. This is especially true from the fact that their first born is fifteen years old and their youngest son is below ten years of age. The fact that Megan and Hugh have been married for a considerable length of condemnation makes Megan eligible for spousal support. Contributions Made by Megan through Her Income, Looking After Their Home, and Children Financial contributions made by a spouse as well as other contributions in the home are a necessary consideration in closing for spousal maintenance. In Megans case, she has definitely made financial contributions in the home, especially at the time when she had a well paying job. Although it is not clear whether she contributed in buying the property at Hertford, she has made financial contributions in the joint building society savings. She also left a well paying job to be the primary homemaker and take care of the children. Accord ing to Boele-Woelki et al.,