Does New Jersey have Alimony?
Yes, NJ does have alimony. There are different types of alimony in NJ including open duration alimony, limited duration or term alimony, rehabilitative alimony, and reimbursement alimony. Our attorneys will work with you to determine whether you qualify for alimony or whether you are at risk for paying alimony. Whether you are on the receiving end or the paying end of alimony, our clients always want to know how long and how much. How alimony is calculated and for how long it is paid are some of the most complicated questions we face when achieving our clients’ goals. Alimony requires the consideration of a number of factors including current income and earning ability, the history of earnings for the parties, custodial responsibilities, the need for one spouse to obtain retraining, the marital lifestyle, etc. There is no magic formula for alimony. Be assured that we have the depth of experience to gain you the very best result when it comes to alimony.
How is spousal support or alimony paid or distributed?
There are several factors to be considered based upon the current laws:
- The advantages and disadvantages of lump-sum settlement
- The amount of such payment and the method it will be paid (cash, property)
- Will it be paid in installments?
- Conditions attached to paying and receiving (disability, death, remarriage, cohabitation)
- Terms arranged to provide enforcement measures
- Tax effects of proposed arrangements
- The effects of will and inheritances
What are the risks involved with alimony?
There is always some risk involved with actual getting all of the court ordered payments. The factors that often lead to these risks are:
- Additional expenses from new marriage or new family
- Incapacitation through illness
- Payment withheld as punishment, due to another order violation
- Refusal to pay