Part 5 NJ 2014 Alimony changes

NJ 2014 Alimony changes, law N.J.S.A. 28 get: 34, Rehabilitation alimony, open duration, limited duration, reimbursement alimony Many attorneys still refer to this as the new law. In New Jersey in 2014 divorce law change substantially, when Gov. Christie signed into law N.J.S.A. 28 get: 34, the law basically did away with permanent alimony. There was a lot of uproar in the state because when permanent alimony was awarded in the past, that meant that if the money spouse retired, they still had to pay the alimony. This would result in them going back to court and trying to get a change of circumstances. Which was so troublesome. The new law seems to be restrictive, it actually made it more flexible. Now they could award more than one type of alimony in divorce settlements. Alimony is assumed to end once the obligors reaches retirement age as defined by the Social Security administration. bed and board, allows you to keep survivor benefits with Social Security and some insurance policies, also may not change the will and estate planning. open duration, only if parties are married for at least 20 years, ends when you remarry or live with someone else or spouse reaches retirement age limited duration, generally will not last longer than the marriage did, usually based on how long it will take you to improve your earning capacity. Courts may change the amount of the award but rarely the length of time it’s paid. Rehabilitation alimony, usually awarded based on receiving more education or training must follow specific steps for rehabilitation reimbursement alimony based on you supporting your spouse through school or additional training and expected to benefit from your spouse’s increase in income. “court of equity”