Alimony (spousal support) is an amount of money to be paid from one spouse to another in order to enable both parties to live a reasonable lifestyle. Traditionally, alimony has been based not on formula, but upon a series of factual considerations that include:
- The standard of living and economic circumstances of each party
- All sources of income and assets
- Duration of income and assets
- Parental responsibilities for the children
- History of financial and non-financial contributions to the marriage of each party
- Tax considerations
The alimony statute in New Jersey permits a broad latitude for the court in which to work. Hence, spousal support awards vary by county and by court.
It is also important to understand that as the years go by, unless a supported spouse is at a level of support which allows that individual to maintain his or her standard of living during the marriage then he or she is never precluded from coming back into court to ask for an increase in alimony. Modifications of alimony awards are, however, carefully scrutinized.
Evaluation of the “standard of living” of the respective spouses is done via the testimony of the parties involved and documents submitted to the court. However, the courts are bound by reality. Unless the court reviews the monthly budget of each party carefully, the scales may be tilted completely to one side.
Individuals should also know that several types of spousal support exist:
- Limited Duration Term Alimony – fixed spousal support for a number of years.
- Permanent Alimony – support is until death or remarriage
- Rehabilitative Alimony – in which the person receiving the funds indicates the actions to be taken to ensure his/her economic rehabilitation.
- Reimbursement Alimony – sought by a party who supported the other through an advanced education.
Regardless of all these factors, it is important to recognize that every situation is unique.
Cherry Hill Divorce Lawyers at the Law Offices of Richard C. Klein, LLC Advocate for Families
If you or a loved one is in need of counsel regarding alimony, call the Cherry Hill alimony lawyers at the Law Offices of Richard C. Klein at 856-988-5470 or contact us online to learn more. We advocate for families in Cherry Hill, Marlton, Maple Shade, and Mount Laurel, as well as throughout the state of New Jersey.