When a married household becomes two – what happens to the income?
There is no formula for alimony in New Jersey, for amount or duration. Alimony is based on a number of factors, including the duration of the marriage, the age of the spouses, the earning ability of the supported spouse and the income history of the supporting spouse, and responsibility for child care, just to name a few. Alimony can be one of the most emotional components of any divorce. Will alimony be paid at all? How much and for how long? Can the amount of alimony change? What if I want to exchange a marital asset for alimony, can I do that? Is alimony taxed? Can alimony be paid through Probation? After my alimony is over, can my spouse ask for more? What if someone else starts to pay expenses for my spouse, can my alimony be terminated early? What if my spouse refuses to pay the alimony we agreed on? What if I lose my job? What happens when I retire?
Keith Law Firm, LLC serves clients from Union County, Essex County, Hudson County, Morris County, Hunterdon County, Somerset County, Middlesex County, Monmouth County, and Warren County.
Alimony can be a complex, emotional, and fact-sensitive issue. If you have questions, please call us for a consult and we will provide you with individualized legal counsel. Ideally, you may find a reasonable way to resolve your alimony issues privately through negotiation, mediation, or the Collaborative Law process.