In New Jersey, couples married for at least 20 years have what is considered a long-term marriage.
How is Alimony Handled after a Long-Term Marriage?
In New Jersey, there are four types of alimony:
- Open durational alimony
- Rehabilitative alimony
- Limited duration alimony
- Reimbursement alimony
For divorcing couples married for over 20 years, open durational alimony may apply. Open durational alimony was referred to as “permanent alimony” prior to September 10, 2014, when the new alimony law was passed. It has no definitive end date.
In New Jersey, there is a presumption that alimony will terminate when the paying spouse reaches full retirement age (per the social security administration), although the court may set a different alimony termination date if warranted.
How is Alimony Determined?
In New Jersey, there are 14 different factors a court considers in awarding alimony, and contrary to popular belief, there is no formula for alimony. Some of the factors include need and ability to pay, duration of the marriage, standard of living established during the marriage, earning capacities, and other factors.
Experienced Attorneys Can Help You Determine Alimony in Your Divorce
If you’re seeking alimony in your divorce, or you do not believe you should have to pay alimony, an experienced divorce attorney can help you. Contact Rigden Lieberman.