If you are someone who is entering the divorce process, you are most likely concerned about alimony, or spousal support payments. Please continue reading and reach out to our experineced Red Bank family law attorney to learn more about alimony and how our firm can help you through the process ahead. Here are some of the questions you may have:
Are there different types of alimony in NJ?
If you are the financially dependent spouse in a marriage, there is a very good chance that you are looking to receive alimony payments to help support you for some time. There are four main types of alimony available to individuals in New Jersey, and they are as follows:
- Open Durational Alimony: Generally, this is reserved for spouses who have been married for over 20 years. Open durational alimony is not permanent, however, it is open-ended, and can go on for an indeterminate amount of time. However, if someone receiving open educational alimony gets a higher-paying job, receives a large sum of money, or remarries, these are usually triggering events that will discontinue the alimony.
- Limited Duration Alimony: If you are the financially dependent spouse and have been married for less than 20 years, the court will most likely grant you limited duration alimony, which essentially awards you the financial support you need for a predetermined period of time.
- Reimbursement Alimony: This is for spouses who paid for their spouse’s education or training, then that spouse filed for divorce. In this case, the spouse who paid for their spouse’s education may receive reimbursement alimony.
- Rehabilitative Alimony: When a spouse foregoes his or her career/career goals to support his or her spouse and further their career, oftentimes, after a divorce, the supporting spouse may be awarded what is known as rehabilitative alimony. This type of alimony is designed to provide that spouse with any education or retraining they may need to resume their career.
How do New Jersey courts determine alimony?
Of course, New Jersey courts take everything on a case by case basis, however, there are several primary factors they will consider when determining alimony. Some of these factors are as follows:
- The length of your marriage.
- The standard of living established in your marriage
- You and your spouse’s yearly income
- Your child custody/support agreement
- You and your spouse’s age and health
- Any other factor the court deems relevant
Contact our experienced Red Bank, New Jersey firm
Our firm proudly represents clients in New Jersey who are faced with matters of family law, criminal defense, business law, real estate law, or estate planning. If you require strong and dedicated representation for any of your legal matters, please do not hesitate to contact The Law Offices of George J. Mardinly to schedule a consultation.