Protecting Your Financial Future In Spousal Support Issues
When faced with divorce, both parties have issues to address before the marriage is over. In some fortunate cases, parties can work out their differences and come to an agreement on alimony, known as spousal support in New Jersey. Other times, the couple will have to go to court and have a judge decide on the matter of alimony.
If you are getting divorced and need effective representation regarding spousal support issues, The Law Office of Toby Grabelle, LLC, is here for you. To arrange a consultation regarding alimony and other divorce-related matters, call us in Red Bank at 732-582-5061 or contact us by email. Attorney Toby Grabelle proudly represents clients throughout the greater New Jersey area.
Navigating A Sensitive Issue
Spousal support can be a heated topic. Occasionally, both parties believe they are entitled to a preconceived structure of support based on their efforts related to the family.
Sometimes, one party believes that they have worked at a career to support the family and deserve to keep more of the finances. Other times a party believes that they deserve more alimony based on their efforts supporting the family at home or by deferring their own career goals in favor of the other spouse. Unless they can come to a fair agreement, they will most likely address the issue in court and have a judge decide what is fair to everyone.
New Jersey Alimony Explained
In 2014, New Jersey alimony laws changed slightly. Permanent alimony has been replaced with open durational alimony in order to clarify that alimony was never meant to be a lifetime obligation. When involved in a divorce and the issue of alimony, there are four types of alimony you should consider based on your specific circumstances. These include:
- Open durational alimony — Similar to permanent alimony, open durational alimony is applicable to couples who have been together for over 20 years. It does not have a set end date and the amount can be modified based on changing circumstances depending on the financial need and earning potential of both parties.
- Limited duration alimony — In the face of short-term marriages, the court may award one party limited duration alimony based on the duration of the marriage, the age of each spouse, and the earning potential of both parties. The purpose of limited- duration alimony is to help one party become financially independent in a short period of time.
- Rehabilitative alimony — A short term alimony structure that helps a relatively financially dependent spouse reach full financial stability. Usually, rehabilitative alimony will pay for additional schooling or vocational training that will advance one’s earning potential.
- Reimbursement alimony — When one spouse supports the other while they pursue an advanced degree or other vocational training, the court may award reimbursement alimony to pay back the spouse who worked while the other was in school.
New Jersey courts always try to come to a fair and just structure for spousal support. Judges will consider many factors when deciding on the issue of alimony and once they have decided on the matter, it is legally binding. In fortunate cases, some couples will use a mediator to agree on a structure that works for both of them. In most divorce cases, New Jersey courts will explore the applicability of alternative dispute resolution in order to save the couple and court time and money through the early settlement panel.
Talk With An Experienced Divorce Lawyer Today
With more than 35 years of experience, The Law Office of Toby Grabelle, LLC, serves New Jersey with diligent and effective representation in all family law matters. If you are involved in a divorce and need legal advice related to alimony, contact our firm to assess your case and guide you through your options. We offer our clients the personalized attention they deserve and the compassion that they need during these troubling times. If you are in need of our quality legal services, contact us online or by phone at 732-582-5061 today.