Currently, the divorce rate in the United States is 3.2 divorces per 1,000 population, but New Jersey is slightly lower, around 2.7 divorces per 1,000. Furthermore, New Jersey has the lowest divorce rate in the Northeast. Many divorces result in some form of alimony (about 10% of all divorces) paid to one spouse from the…
If you are a high-net-worth individual going through a divorce, you will find that your finances come into question multiple times, particularly when it comes to spousal support. In New Jersey, where financial disparities between spouses play a critical role in shaping alimony awards, high-net-worth divorces demand a nuanced approach. Factors like substantial assets, business…
Changing careers can be a moment of pride. It is definitely a significant life decision, one that can reshape your future and make it better. However, for individuals involved in alimony agreements, changing careers comes with legal and financial implications. Whether you are the paying or receiving spouse, altering your income through a career shift…
Alimony is an agreement that is designed to ensure financial fairness and stability for you and your ex-spouse after divorce. But what happens when one of the parties moves on with a new partner and begins cohabitating? For NJ residents, cohabitation could dramatically aftect your alimony payments. If you plan on cohabitating with a new…
Digital assets, such as cryptocurrencies and NFTs (non-fungible tokens), have become an increasingly important part of the financial landscape. As their popularity and value grow, you or your ex may have incorporated these assets into your financial portfolios. But what happens when a couple goes through a divorce? In New Jersey, where equitable distribution of…
Alimony is a financial payment that is ordered by the court to support the spouse who may be unable to support the quality of life without his or her partner. If you are planning on separating from your spouse or have begun the divorce process, you may be wondering how much alimony you may receive…
After a divorce, living on your own can be challenging and overwhelming, especially if you have been married for many years. That is why, for many, cohabitation seems like the ideal living situation. However, in New Jersey, deciding to cohabitate with someone can have implications for various aspects of your life, including alimony and child…
Alimony is a financial payment that is ordered by the court to support the spouse who may be unable to support their quality of life without their partner. If you are planning on separating from your spouse or have begun the divorce process, you may be wondering how much alimony you may receive or have…
Some New Jersey divorce cases will involve alimony. Alimony is a payment of money made by one spouse to the other that might occur while a divorce is pending or after it is over. This type of payment is also referred to as spousal maintenance or spousal support. It can also be ordered following the dissolution of a…
Ending a relationship is incredibly difficult after having pledged to be with someone for the rest of your life. Yet, there are situations where going your separate ways is a form of growth. However, for those who are aiming to separate in New Jersey but need assistance doing so, terms like “alimony” can be confusing.…