Alimony and spousal support are often thought of as a singular concept, and in some ways, this is true. Alimony is intended to provide for a formal spouse or partner with the financial support they need. However, few people know that there are actually no less than five (5) types of alimony in New Jersey. These can range for life long alimony arrangements for spouses who were married for decades, to short term solutions for those who were married a relatively short time. Today, we will be reviewing the different types of alimony arrangements available to divorcing couples in our state.
Open Duration and Limited Duration Alimony Lawyers Middletown, NJ
The most “traditional” forms of alimony are considered open or limited duration. These types of agreements may be used for marriages lasting only a few years up to multiple decades. Our Middletown alimony lawyers may help clients seek alimony agreements including:
Open Duration Alimony – formerly known as “permanent alimony”, the name was changed as part of the 2014 NJ Alimony Reform to clarify that open duration is in fact, no permanent. Open duration alimony has no set end date and may be paid until either party passes away, experiences a major financial or other life change, or mutually agree to modify and/or terminate their agreement.
Limited Duration Alimony – similar to open duration alimony, limited duration alimony has the added detail of an explicitly stated end date. Limited duration also is eligible for early termination or modification dependent on the nature of your circumstances.
Other Types of Alimony in Monmouth County
In addition to the more well-known forms of alimony, there are three types of alimony that are used for more specific situations. Our Monmouth County alimony attorneys may suggest the following for certain clients:
Temporary Alimony During Divorce – divorce proceedings have the potential to take many months or even years. In these cases, it may be essential to reach temporary agreements for child custody, child support, and alimony. These agreements may be reached through a formal hearing or outside of the courtroom with the assistance of a Monmouth County divorce lawyer.
Rehabilitative Alimony – for marriages which were shorter in length, the court may award rehabilitative alimony. This form of spousal support is intended to allow a spouse to reenter the workforce and/or retain his or her financial independence after a divorce.
Reimbursement Alimony – many marriages include a spouse making career, educational, or other financial sacrifices to help support their spouse. In these cases, it may be possible to “reimburse” those sacrifices through a reimbursement alimony agreement. This form of alimony may include complex financial calculations to determine an appropriate financial value for the spouse’s sacrifice.
Questions about Alimony in New Jersey? Contact our West Long Branch Alimony Attorneys Today
The qualified attorneys of Chamlin, Uliano & Walsh have decades of experience serving clients from local Monmouth County towns such as West Long Branch, Asbury Park, Red Bank, Freehold, Howell, Middletown, and all of Central New Jersey. We believe that our firm is separated by our dedication to offering a high level and uniquely tailored legal services that address the needs and concerns of our clients. Our attorneys have secured a number of precedent-setting and landmark decisions at the local and state level, which has allowed our firm to achieve a stellar reputation in the legal community.