Getting Divorced? New Law May Decrease Your Income
If you are getting divorced in New York then you should know that recent revisions to the Domestic Relations Law will impact the calculations to your maintenance payments.
If you are considered the “non-monied” spouse, then you may be negatively impacted by these changes and could receive significantly less in spousal maintenance payments as a result. However, if you are considered the “monied” spouse, then these changes may benefit you by capping your income, eliminating the application of enhanced earning capacities, and limiting the timeframe of maintenance obligations.