There is no specific formula or guideline for calculating alimony in the state of New Jersey, states DivorceNet. A judge considers a wide variety of factors to determine the amount of alimony awarded.Continue Reading
The contributing factors include the requesting spouse's actual needs, the other spouse's ability to pay, the duration of the marriage, the age and health of both spouses and each spouse's income, earning capacity, education level and employability, according to DivorceNet. Also under consideration are the parental responsibilities, the time necessary for the dependent spouse to become self-supporting and each spouse's financial contributions to the marriage.
Based on these factors, the judge can award four different types of alimony or a combination of these types, according to DivorceNet. Temporary alimony is award to low-earning or unemployed spouses to help cover living expenses during the divorce process. Rehabilitative alimony is intended to help the requesting spouse get the training or education necessary to become self supporting, and reimbursement alimony compensates a spouse who supported the other spouse through an advanced education.
The last type of alimony is called open durational alimony, which replaced permanent alimony when Governor Chris Christie signed a bill in September 2014, according to NJ.com. This bill, among other things, ended indefinite support and established limits on the duration of payments of any marriage lasting less than 20 years. It also stops payments from the supporting spouse after retiring and during economic hardship.Learn more about Law