Alimony in New Jersey May Serve Different Purposes
You say the word “alimony” and it usually brings to mind monthly payments that endure until an ex-spouse gets a job. It’s not that simple though because each divorce case is judged on its own merits since each situation is different. For this reason, your attorney in Wall, NJ will look at the various types of alimony allowed in New Jersey to determine the one that you are deserving of and that will enable you to recover from your divorce with the least financial damage.
The types of alimony were created to address the varying situations. Naturally your opinion of the alimony arrangement will be influenced by your position in the divorce.If you are the one paying, there’s a good chance you want as low a payment as possible.If you are the one receiving the alimony,you want the payment to be as high as possible.
Economic Dependence
There is a term that is used in divorce proceedings called “economic dependence”. In many cases, there is a spouse that has economic dependence on the other person in the marriage.This may be due to the fact that the other spouse earns more and has created a lifestyle for the family, or it may be due to a spouse deciding not to work in order to care for a family.
The supported spouse is faced with a dilemma during a divorce that includes loss of all income or loss of income to the point where economic standing is severely impacted. You see the celebrity divorces in the news, and usually the major point of contention is alimony. Yet middle class couples have the same issues in a divorce because marriage creates an economic union as much as it creates a spiritual one.
The divorce attorney Wall, NJ residents rely on for advice will look at the circumstances of the divorce and then consider the types of alimony that New Jersey law allows. Matching the alimony to the facts is an important step in the divorce process.
Types of Alimony
Following are the types of alimony that may be awarded:
1.Permanent alimony – intended for spouses that were economically dependent and the court agrees should be allowed to continue the same lifestyle after the divorce as existed before the divorce; alimony is for life
2.Limited duration alimony – a set time limit for the alimony payments is established
3.Rehabilitative alimony – a short term alimony intended to give the spouse time to find a way to develop economic independence through education or job seeking; rather than cut the spouse off from income as a result of divorce, the spouse is given alimony as support while working to re-enter the workforce
4.Reimbursement alimony – the court recognizes that one spouse has made it possible for the other spouse to develop a successful career by paying for education or other career development expenses; the spouse who gave up earnings wants reimbursement since the other spouse now has high income potential
5.Alimony pendent lite – temporary alimony that maintains an economic status quo until the economic situation has been evaluated and the divorce is final
The attorney representing you during the divorce in Wall, NJ is interested in obtaining an alimony agreement that is fair and that is a very subjective term.
If you are interested to know something more on Attorney Wall, NJ and DUI Attorney Wall, NJ than more details please visit our website www.ajclaw.com
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