We’ve eliminated the concept of permanent alimony. In its place, the legislator has substituted the phrase “Open durational alimony”.
You can never receive alimony greater than the length of your marriage, except in exceptional circumstances. If you’re married 10 years, you would typically only receive alimony up to 10 years.
The law now provides a rebuttable presumption that at age 67, you can retire. What does that mean? That means that your spouse who’s receiving alimony can contest it, but you get the presumption that you’re permitted to retire.
This new law proves that in certain industries, you should be able to retire based upon what that industry contemplates. You may retire at an earlier age because there are natural things that happen to our bodies.
For couples planning to get married in New Jersey, understanding the legal implications of a prenuptial agreement is important, especially concerning future earnings. Since New Jersey is an equitable distribution state, income accumulated during the marriage is typically shared. However, prenups can be used to protect future earnings under certain… Read More
If you are filing for divorce in New Jersey, understanding how inheritance is treated is crucial to protect your legal rights and options. Continue reading for more information and consult with a knowledgeable Sparta property distribution attorney today. Is NJ an Equitable Distribution State? Yes, New Jersey is an equitable… Read More
Divorce often brings up complex financial questions, especially concerning spousal support. Understanding New Jersey’s legal process is essential for navigating this transition. To secure a fair spousal support arrangement, it is crucial to know exactly what financial information you must provide to the court when seeking alimony. Continue reading for… Read More
One of the most stressful parts of a divorce is the uncertainty of what will happen to your home, savings, retirement, and assets. Many people assume that divorce means a simple 50/50 split, but New Jersey does not necessarily divide property that way in every case. Understanding the system New… Read More
