New Alimony Law Has Big Impact for NJ Family Law Attorneys

New Jersey Governor Chris Christie signed a bill into law in September that will drastically change the way alimony is awarded. The change in law is designed to compensate for the way in which modern family dynamics operate. If you are about to begin the divorce process, or are currently undergoing it, consult with an experienced Family Law Firm in New Jersey to find out how this new law affects your individual situation.

According to the revised NJ alimony law, the currently used term of “permanent alimony” will be replaced with “open duration alimony”.

What the New Alimony Law Means for You

Duration of Alimony is Shorter

If you are already making spousal support payments, this change likely does not affect the duration that was agreed upon when it was awarded. To be safe, make sure you consult your family law attorney for confirmation.

However, in most cases, when future alimony is awarded, the duration of the payments will not extend beyond the length of the marriage unless the marriage was longer than 20 years.

Payments Cease With Retirement

Under the new open duration alimony law in NJ, a spouse would be able to cease alimony payments once he or she has reached retirement age, which is currently 67 years old for people born after 1959.

Alimony Payments Terminated or Modified Upon Unemployment

If you become unemployed while paying alimony, the payments will be terminated or modified depending on your situation.

Cohabitating Nullifies Alimony Payments

If you and your spouse begin living together again, the new law mandates that all payments will be terminated.

What the Law Means for Business Owners

Under this new law, business owners are treated differently than regular employees or non-owners. In the event of a decrease in income, business owners must provide further detailed information about their business and how much they were making. This could mean a more complicated process for business owners if they are attempting to cease or slow alimony payments based on income.

Villani & DeLuca NJ family law attorneys know and understand the changing laws in the state and will help you reach the best solution possible. If you are interested in learning more about Villani & DeLuca, contact us today for a free consultation.