In New Jersey, there are several different types of alimony that can be awarded in your case. They include:
- Open duration alimony
- Limited duration or term alimony
- Rehabilitative alimony
- Reimbursement alimony
At DeTorres & DeGeorge Family Law, we 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, the most frequent questions are typically, “How much?” and, “For how long?” Although how alimony is calculated is complicated (there is no magic formula), you can be assured that we have the depth of experience to gain you the very best results.
Calculating alimony in New Jersey requires the consideration of a number of factors, including but not limited to:
- Current income and earning ability
- The history of earnings for each party
- Custodial responsibilities
- The need for one spouse to obtain retraining
- The marital lifestyle
Once the amount of spousal support is determined, there are several factors that come into play in determining how and over what period of time, the alimony will be paid (whether in installment payments or in a lump sum). Some factors to consider include:
- The advantages and disadvantages of a lump sum settlement
- Conditions attached to paying and receiving the alimony (disability, death, remarriage, cohabitation)
- Terms to enforce the payments
- Tax effects of the proposed alimony
What Are the Risks Involved with Alimony in New Jersey?
There are always some risks involved with actually receiving 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
For help calculating the proper spousal support and alimony in your divorce, call us today at 908-304-9679 to schedule a consultation.