Alimony disputes can be costly, stressful, and take an emotional toll on either party. As with other aspects of divorce, navigating the financial complexities can be eased with the help of experienced lawyers.
Alimony laws vary from state to state. Here are key pieces of specific information that you should know about New Jersey alimony:
New Jersey law does not permit alimony payments to continue past the duration of a marriage if it lasted under 20 years. Instead, the Garden State uses an open durational structure. However, there are some situations where this may not apply. For example, these might include:
The level of financial dependency between two spouses may affect the outcome of the alimony decision. The court might consider how much one spouse relies on the other for support. In some cases, the reliance might be extraordinarily imbalanced (i.e., one is a stay-at-home parent) while in another marriage, the couple is relatively financially independent and make comparable salaries.
Extraordinary health circumstances might also impact alimony decisions. If a spouse faces a debilitating condition like a chronic or unusual illness, this will be taken into consideration when deciding on the alimony structure.
In some marriages, one partner might give up their career or change jobs to support the goals of the other. This would hurt their own ability to advance professionally and provide for themselves. If the one spouse who is not currently pursuing a career will be financially devastated by the dissolution of the marriage, courts will not overlook this.
During a divorce, the couple’s entire shared estate is divided. If the one spouse has received a significant majority of the state in the divorce, this could lessen the alimony payment the other person must fulfill.
If the marriage produced children, the spouse that retains primary custody is often eligible for additional alimony in the form of child support. This is intended to aid the caretaker parent in affording the costs of raising a child while also fulfilling other financial obligations.
Taxes may be taken into consideration when deciding on an alimony structure. The court will decide whether or not this is an influential factor while reviewing the financial situations of each spouse in the divorce proceedings.
Every relationship is unique and has its own complexities. There may be nontypical circumstances that influence the outcome of an alimony decision. These will be considered by the court during proceedings.
At Daly & Associates, our team of lawyers can provide you with the representation that you need to ensure a fair and just outcome in your alimony settlement. To speak with one of our experienced family law attorneys, contact us anytime.