If you are getting a divorce, you may have various questions or concerns about alimony. Read on to learn more.
How is Alimony Determined in New Jersey?
When making decisions about alimony in New Jersey, the court will take the following factors into account:
- How long the couple has been married
- Each party’s earning capacity
- The dependent spouse’s needs
- The health of each party
- Whether the spouses have children together
- The age of each party
- The tax consequences that any alimony award may have
- Whether there has already been temporary support paid
- The standard of living that was established in the marriage
- How much income both spouses earn on a yearly basis
What are the Different Types of Alimony?
There are different types of alimony arrangements in New Jersey. These types are as follows:
- Open Durational Alimony: Essentially, if you are someone who has been married to your spouse for over 20 years and you are financially dependent, you may be awarded what is known as open durational alimony. Open durational alimony is the option that replaced permanent alimony. If you receive open durational alimony, you will receive financial support for an indeterminate period of time. This alimony will only be terminated if you either become financially independent or you otherwise no longer require alimony payments in the eyes of New Jersey law.
- Limited Duration Alimony: Spouses that are married for less than 20 years will generally be awarded limited duration alimony, which is essentially when a spouse receives alimony payments for a predetermined amount of time. The amount and duration of this type of alimony are generally decided by a judge.
- Reimbursement Alimony: When one spouse decides they wish to either go back to school or receive training for a new job and the other spouse pays the cost of that spouse’s tuition, then the couple divorced soon thereafter, the spouse who supported the other spouse financially may receive reimbursement alimony to pay back that cost.
- Rehabilitative Alimony: If you deferred your career goals or left the workforce to support your spouse prior to a divorce, you may be awarded what is known as rehabilitative alimony, which will support you financially while you pursue the education or retraining you need to pick up where you left off.
If you have any questions about alimony arrangements in New Jersey, reach out to our firm.
Contact our Firm
We understand how emotional and difficult matters of family law can be. If you need the assistance of a knowledgeable attorney to help protect your right to your family, please do not hesitate to contact our experienced firm. We are eager and dedicated to helping you through this difficult time. Our personal injury specialists at Greenberg & Walden, LLC are standing by for a free initial consultation. Call us at 201-528-6928