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Planning Beginner:
Financial Considerations in Divorce
Test your knowledge
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1.
Which of the following is a factor in setting alimony?
Choose wisely. There is only one correct answer.
The amount of marital property that was awarded to each spouse by the court
The relative degree of fault of each spouse in causing the divorce
Both of the above are factors
None of the above are factors
The amount of marital property that was awarded to each spouse by the court. Fault is generally not a factor.
2.
Which of the following is true regarding alimony negotiations?
Choose wisely. There is only one correct answer.
Online and printed self-help materials are excellent resources for those who wish to handle it themselves.
Judges generally set alimony after referring to state guidelines and allow little or no departure through the parties' negotiations
Alimony is tax-free to the recipient
None of the above are true
None of the above are true. The opposite of each statement is true.
3.
Child support guidelines are set by federal law and are uniform throughout the country.
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True
False
False. Child support guidelines vary widely by state.
4.
When setting child support payments, the court has complete discretion under the law.
Choose wisely. There is only one correct answer.
True
False
False. The court must refer to child support guidelines provided by law.
5.
Marital property includes assets you brought into the marriage.
Choose wisely. There is only one correct answer.
True
False
False. This is separate property.
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