October 22, 2010

New York Enacts New Temporary Maintenance Guidelines

New York’s Temporary Maintenance Guidelines law became effective on October 12, 2010.  The new law provides that maintenance is to be awarded during the divorce when one parties’ income is less than 2/3 of the other spouse’s income.  The law provides a fix formula for awarding temporary maintenance: the lesser of (1) Thirty percent of the higher-earning spouse’s income, minus 20 percent of the lower-earning spouse’s income or (2) Forty percent of their combined income, […]