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How is Alimony Calculated?

Alimony is defined as the legal obligation one spouse has to another to provide financial support during a marital separation or after a divorce. Many years ago, alimony used to be paid by the party who broke the marital bonds, otherwise known as the “guilty party.” Since then, the laws in states have shifted, and…

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When Does Alimony Stop In New Jersey?

Transcript Allison Williams: The duration of your alimony obligation will depend on your judgment of divorce. Typically, parties resolve their divorce cases by settlement. If your settlement memorializes an exact date when your alimony will stop, then that is the date you should go by. There may be circumstances you can extend that date, but…

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Who Gets Alimony and Why

Financial issues are at the very center of many divorces.  Divorce is frequently one of the most emotionally and financially difficult times in a person’s life.  When people are married, they combine resources and finances to provide for their current needs while also preparing for their future.  In many cases, spouses make approximately the same…

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Stopping Spousal Support

Divorce is often an enormous milestone for most people.  People often can see it as a watershed moment, and their lives can be measured by what came before the divorce and what came after.  For most people, divorce is one of the most financially difficult events in their lives.  Especially for spouses who have traditionally…

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Spousal Maintenance and Lump Sum Payments

During a marriage, parties work together to build their financial future.  In some cases, both spouses work outside the home.  In others, one spouse works while the other spouse attends school and gets a better degree.  Still others may choose for one spouse to stay home with the parties’ children while the other spouse works. …

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Neutral Financial Experts

Divorce can present serious financial issues for both spouses.  During a marriage, the spouses pool resources and work together to keep the household running.  However, after divorce is over, the two spouses will have to learn to reorganize their finances, restructure their budget, and run their household alone.  Financial decisions made during the divorce have…

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