Your divorce has an impact on your income. You are suddenly faced with decisions that you never had to make during the marriage or registered partnership. For example, how will you divide your pension, what will or will you not pay for child support, and are you now entitled to other allowances? It does not matter whether you are getting a divorce and currently have no income or if you are going to divorce with income: the current situation will change a lot. Creating financial insight for yourself is very important during the divorce. By the way, you can see also here on LA Century Law the other law that will satisfy your other needs.
The financial aspect of the divorce
Thinking about your finances and whether you will manage it all yourself after the divorce, often happens at an early stage of the divorce. Or sometimes even before you have talked to your (ex-) partner about your idea of breaking up. You may be wondering if you can afford the divorce. Or maybe you’re wondering if you should postpone the divorce until you’re more financially independent?
Divorce with little income
Your divorce itself doesn’t have to be expensive. Even with little or almost no income, you can divorce, because there are subsidy options for people with little income. The divorce can be arranged with the aid of a government subsidy for € 37.- (excl. court fees). Often you will not really notice the financial consequences of the divorce until after the divorce, but that does not mean that you have to postpone your divorce. If you break up well prepared, you will reap the benefits later. For example, you can use Nibud ‘s calculation tool to see what your financial situation will be after the divorce. On the basis of this, you can make good agreements during the divorce. Are you getting a divorce and do you and/or your (former) partner not have enough income to support yourself after the divorce? Then you will have to find solutions for this sooner or later. It is good to know what consequences a divorce has on your income and what changes.
If you do not have your own income and are going to divorce, it is advisable to ensure that you receive an income. Your earning capacity is examined to determine whether you may be entitled to a financial contribution. If you do not have sufficient earning capacity, your (ex-) partner must support you financially. Provided that your (former) partner has sufficient financial income. The financial contribution is called alimony. Alimony is an arrangement whereby a financial contribution is made to the person who needs financial support after the divorce. Paying or receiving alimony only exists between ex-spouses. The amount and duration of payment or receipt of alimony are agreed upon during the divorce. However, legal deadlines also apply. The duration of the entitlement to spousal maintenance differs from the duration of entitlement to child maintenance. Sometime after the divorce, the amount or term can be adjusted in consultation or if necessary.
Spousal maintenance is for the (former) partner who cannot provide for his or her own livelihood after the divorce. Or if that person cannot live in the same way after the divorce as they lived during the divorce. For example: if you were a member of an expensive golf club during the marriage and you only bought designer clothes, but you can no longer afford it after the divorce. Thanks to the free spousal alimony calculation tool, you can calculate approximately how much spousal alimony there is.
Child support is a financial contribution for the benefit of your child(ren) until they reach the age of 18. The amount that the child support recipient receives is then intended for expenses for the benefit of your child(ren). A calculation will determine how much that amount is.