By Kisha M. Hebbon | Published August 11, 2023 | Posted in Divorce | Tagged Tags: alimony, equitable distribution, open durational alimony |
In 2014, New Jersey changed the structure of post-divorce alimony awards. Instead of traditional permanent alimony, courts now grant open durational alimony, which is meant to be a more flexible arrangement. This type of spousal support does not have a fixed end date. Rather, it ends when the parties agree, when the court enters an Read More
Read MoreSpousal support (also known as alimony) is sometimes awarded in New Jersey divorces. Courts usually grant it where one spouse has a much higher income or earning potential than the other. Unless your marriage lasted more than 20 years, spousal support is also typically temporary. Assuming you do qualify, how is the amount of support Read More
Read MoreWhen married couples split up, their property is also divided, and this generally becomes more contentious when there is major wealth at stake. If you have over one million dollars in net worth, you are facing what is known as a high-net-worth divorce. While the court procedure is the same as for any contested divorce, Read More
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