Alimony reform has finally come to New Jersey. The Governor of New Jersey has effectuated an overhaul of New Jersey alimony law.
Below are what we believe to be some of the major highlights of the law.
Some major components of the bill include:
- The elimination of the term permanent alimony and establishes open durational alimony
- The establishment of limitations on alimony terms based on the length the marriage or civil union
- Suspensions, limits on or terminations of payments under certain conditions if the recipient continuously cohabitates for at least three months
- Modifications if the payer spouse is unemployed more than 90 days
- Petitions for modification upon reaching full retirement age without needing to demonstrate a change in circumstance
Familiarity with this new law is imperative in the negotiation of matrimonial settlement agreements and effective litigation in New Jersey Family.
If you have questions about the new Alimony Law in New Jersey and how it may impact you, contact us and The Law Offices of O'Toole & Gunteski LLC.