The Law Office of Jasmine N. Story, LLC

610 Main Street, Toms River NJ 08753

      732-800-2236 | jstory@jasminestorylaw.com

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© 2017 by The Law Office of Jasmine N. Story, LLC

Alimony

During and after a divorce, one spouse may need financial support from the other. Accordingly, the court may order one spouse to provide temporary or long-term financial support depending on the financial needs of the other spouse. This type of financial support is known as alimony or spousal support. This support can be vital to not only the financial stability of the receiving spouse, but also affects the future financial stability of the spouse that is paying the support.

The purpose of this support is to allow the spouse that is receiving the support to maintain a lifestyle as close as possible to what the couple had during their marriage until the receiving spouse is able to become self-supporting.

 

The Law Office of Jasmine N. Story helps clients pursue favorable outcomes, regardless if they will be paying or receiving support.

Types of Alimony

There are five types of alimony in New Jersey. You may pay or receive one or a combination of the following types of alimony:

 

  • Temporary Alimony (pendent lite): This type of alimony is paid to help the low-earning or unemployed spouse cover living expenses during the divorce process.

 

  • Limited Duration Alimony: This type of alimony is awarded to a spouse who needs some time to become self-supporting.

 

  • Open Durational Alimony: If you have been in a long marriage and you or your spouse gave up a career or education to care for the family or further your spouse’s education or career, the court may order permanent alimony.

  • Reimbursement Alimony:  This type of alimony compensates a spouse who supported the other spouse while they pursued a degree. The spouse may be compensated for the investment they made.

 

  • Rehabilitative Alimony: This type of alimony is given to the spouse who is working towards a career or a degree. The spouse must submit information to the court regarding the steps that he/she is taking and the time frame needed to achieve the necessary training, education, and employment. 

How Alimony Is Calculated

In New Jersey the amount and duration of alimony is determined by several statutory factors, including, but not limited to:

  • the length of the marriage

  • each spouse's income, earning capacity, education level, and employability

  • the requesting spouse’s actual needs and the supporting spouse’s ability to pay

  • each spouse’s age and physical and emotional health

  • the standard of living during marriage

  • parental responsibilities, and

  • the time and expense necessary to obtain education or training for the dependent spouse to become self-supporting

Any payments of alimony are tax deductible to the paying spouse and reportable as income by the receiving spouse.

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