New Jersey Types of Alimony
If you are contemplating a New Jersey divorce, the subject of alimony often arises. NJ alimony (also referred to as spousal support or spousal maintenance) is an extension of the financial obligations that exist between spouses. The basic objective of New Jersey alimony is to allow the divorcing couple an opportunity to maintain a lifestyle that is similar to married life, while limiting one party from having an unfair economic advantage.
Since there are various types of alimony in the State of New Jersey, determining the New Jersey alimony that is right for you can be a complicated and difficult process. The NJ family law attorneys at Weinberger Law Group can assist you in determining which New Jersey alimony type is best for you—and your family.
Types of New Jersey Alimony
- Pendente lite alimony—also known as temporary , pendente lite alimony is awarded during the divorce process in order to preserve the financial status quo that existed during the course of the marriage, pending a final divorce decree.
- Rehabilitative alimony—designed to allow the spouse (who is receiving the support) to strengthen their skills through education and training, the purpose of rehabilitative alimony is to reintegrate lower earning spouses into the workforce, by providing them with the tools necessary to find gainful employment. In general, the payment duration for rehabilitative alimony is short-term.
- Permanent alimony—this form of NJ alimony is typically awarded after a long-term marriage. The purpose of permanent alimony is to allow the party who is receiving the alimony to live a lifestyle reasonably comparable to that which he or she had enjoyed during the marriage.
- Limited duration alimony—is also referred to as term alimony because it provides for payments to be made for a specified number of months or years. The start date and end date of a limited duration alimony award are fixed. In general, limited duration alimony is used when a permanent alimony award is deemed to be too long (usually due to the length of the marriage and/or other relevant alimony factors).
- Reimbursement alimony—this type of NJ alimony recognizes the contribution that one spouse made to the other spouse's career, education, or advancement.
While one type of alimony may be best suited for your situation, it should be noted that different types of New Jersey alimony may be combined for varying periods of time. Additionally, there are typically tax advantages for the party making the alimony payments. For example—the spouse who is making the alimony payments can in many cases deduct alimony for tax purposes; however, since alimony is considered to be income in the State of New Jersey, the supported spouse generally pays taxes on any alimony that he or she has received.
If you are considering a divorce in the State of New Jersey, it is important to understand all of the legal options that are available to you. The trusted New Jersey family law attorneys at Weinberger Law Group, LLC understand that New Jersey alimony is an issue that can affect your entire financial future. As such, our NJ alimony attorneys will guide you through the entire divorce process and serve as a zealous legal advocate for you.
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