A sudden job loss or extended period of unemployment may affect a court-ordered financial support arrangement. According to the Minnesota Judicial branch, the court uses both parents’ gross income to determine the amount of child support each spouse pays or receives.
When filing for a divorce without income, a judge may use an individual’s past earnings and work experience to formulate a payment plan. The North Star State allows the court to calculate child support through its Income Shares method, which also considers each spouse’s potential earnings.
Lack of a job or career prospects may influence support payments
Spouses who remained at home to care for the family may find themselves entering the job market for the first time in several years. An entry-level position may require taking a course and learning new skills before securing a position.
An individual, however, may not have the financial resources to maintain his or her housing and living expenses until landing a job. In light of these circumstances, a divorce court may address the issue of temporary support until an ex-spouse becomes self-sufficient.
Severance pay or temporary benefits may also determine support arrangements
When a spouse receives a severance package or government-assistance benefits, he or she may end up sharing some of it with an ex. As noted by Kiplinger magazine, the court may also review the stock options or compensation plans that were available during the marriage
Under Minnesota’s equitable distribution laws, the income and assets earned during a marriage belong to both spouses. While a divorce settlement may not result in an equal split, a judge may divide property according to what he or she deems fair when two spouses cannot determine fairness on their own.