One of the most difficult aspects of any divorce is navigating the significant financial changes brought about by the end of the marriage. Each spouse will likely experience some changes, but the impact could be especially difficult for one who did not work outside of the home or who earned less than the other. New Jersey law provides a way for lesser-earning spouses to obtain some financial support as they face these changes and make adjustments in their lives through the payment of alimony.
Spousal support, also called alimony, is financial support paid by one spouse to the other during and after a divorce. The intent of these payments is to offset the economic inequity brought about by a divorce, and the amount and duration of these payments depends on the details of the individual situation. Whether you intend to seek alimony or you will likely have to make spousal support payments, you may find it helpful to seek an understanding of New Jersey laws on this matter.
The financial support you need
Spousal support is not a guarantee, even if you think you need it. The determination of this support is based on your specific financial needs and how long you may have those needs. In the Garden State, the duration of alimony payments will not be longer than the marriage if the union lasted less than 20 years. There are various factors that could determine whether you are eligible for this type of support, including:
- Length of the marriage
- Need of one spouse and other spouse’s ability to pay
- Earning capacities of each spouse
- Financial contributions of each party to the marriage
- Tax consequences and liabilities for each party
The amount of alimony you could receive may be based on your need, your current income and more. Additionally, the amount of time you may receive these payments could depend on the time you need to increase your income, find new employment or take other steps to achieve financial stability.
Seeking your best post-divorce future
Your post-divorce financial interests are at stake during your divorce. The terms you seek, including spousal support, will have a significant impact on your future. You may benefit from an explanation of your rights, as well as how you can fight for the support and property division agreement you need to look to the future with confidence.