money divorce contract

One question that is commonly asked about when it comes to getting divorced is whether they will be allowed to collect alimony, also known as spousal support. It is important to first and foremost be aware that not all situations of divorce really warrant a spousal support award. In order to determine whether an alimony award is warranted, the court will have to take a number of factors into consideration.

Some of the things that the court will consider include the length of the marriage, the age of the parties, the earning capacity of either spouse, the parental responsibility of each parent, tax consequences, and more. There are four different types of alimony that the court may choose from when determining an award. They take these factors into consideration as well. It is important to note that New Jersey no longer has a permanent alimony option available. It has since been replaced with open durational alimony, which simply means that the alimony will be in effect until there is a significant change in circumstance. Of course, everyone’s individual situation is different and therefore, the court will have to take all of their specific circumstances into consideration in order to make an educated decision.

If you are considering a divorce and want to know whether may be eligible to receive alimony payments, you should consult with an experienced divorce attorney who can provide you with assistance.

Paris P. Eliades Law Firm, LLC is honored to serve the people of New Jersey, including Sparta, Sussex County, Morris County, Passaic County, and Bergen County with the quality legal services they deserve. Contact our firm for a consultation today.