Spousal maintenance– balancing financial equity
Spousal maintenance involves financial support from one partner or spouse to another following the dissolution of a relationship. In determining any court application for spousal maintenance, the court examines a number of factors such as the relationship’s duration, each party’s financial resources, any children of the relationship that need to be cared for, and future financial needs.
The objective of spousal maintenance is to rectify financial imbalances stemming from the end of a relationship, ensuring a just and satisfactory outcome for both parties. The court evaluates the recipient's ability to be self-sufficient, and the payer's capability to provide support. It's crucial to understand that maintenance orders are crafted to suit individual circumstances, with provisions for adjustments due to changing conditions over time.
Spousal maintenance in New Zealand serves as a means to uphold fairness and economic stability following separation. Effective negotiation, or court proceedings, are often important steps in attaining equitable arrangements. Seeking professional legal counsel is key to successfully navigating this landscape: ensuring that spousal maintenance solutions align with legal parameters, while effectively safeguarding the interests of all parties involved.
Our experienced family law team will review your specific circumstances before advising you on your spousal maintenance obligations or entitlements. This includes finances; childcare costs; negotiating fair arrangements; and ensuring the arrangements are legally enforceable. Tools for ensuring an effective, fair, and enforceable outcome may include a separation and relationship property agreement, or obtaining Court orders to ensure the mutual arrangements are given effect.
We are committed to achieving favorable outcomes that safeguard both your financial well-being and the best interests of your children.Let's chat