Hackensack Alimony Lawyer
It is no secret that divorce is a challenging experience that presents a couple with many obstacles to overcome to arrive at a fair and equitable settlement. One of the most intricate aspects of divorce is dealing with financial matters. There are several factors they must take into consideration when determining the financial aspects of a divorce settlement.
When one of those considerations is alimony, a Hackensack alimony lawyer can help you understand more about how to approach your concerns. Alimony, or spousal support, can be confusing and difficult to negotiate. However, a family attorney could help you understand more about the basics of alimony and start the discussion about how it might affect your divorce.
Types of Alimony
There are several different types of alimony, or spousal support, that can result from Hackensack divorce proceedings. When the need for alimony during divorce proceedings arises, courts can award pendente lite alimony or temporary alimony. This can be useful in helping one spouse support themselves during the divorce proceedings.
Rehabilitative alimony refers to alimony paid to help a spouse become self-supporting again and is often ordered when one spouse needs education or updated training to become part of the workforce. When one spouse made a significant financial contribution or sacrifice to the marriage reimbursement alimony can help account for that.
The two types of alimony most people are familiar with are limited duration alimony and open duration alimony. A judge orders a limited duration for a set period whereas open duration alimony, or permanent alimony, can last for an extended period of time.
Factors to Determine Alimony in Hackensack
While alimony is somewhat of a subjective matter, courts in the state are bound by New Jersey Statutes Annotated Title 2A Section 2A:34-3 to consider some specific factors in determining alimony. In addition to the need and ability to make alimony payments, these factors can include:
- Length of the marriage
- Age and health of each spouse
- Financial contributions of each spouse to the marriage
- Educational level and earning capacity of each spouse
- Standard of living during the marriage
In cases where a judge orders temporary alimony during divorce proceedings, that will also be a consideration when determining the final amount and duration of payments after the divorce.
Generally, the individual ordered to make alimony payments can deduct those payments from their taxes while the individual receiving alimony will need to report those payments as income at tax time. For more information about determining alimony, reach out to a Hackensack alimony lawyer.
Dedicated Assistance from a Hackensack Alimony Attorney
Alimony can have a significant impact on your financial situation both during and after a divorce. In some instances, it can be a critical part of helping you navigate the challenges that can arise after the divorce like pursuing education or taking advantage of other opportunities. At other times, alimony may be excessive and working with an experienced alimony attorney can help you come to a more reasonable settlement.
Whatever your position on alimony, working with an experienced attorney means that you have an advocate on your side who can protect and assert your rights. If you have concerns about how alimony fits into your divorce and what that could mean for you, contact an experienced Hackensack alimony lawyer to see how they could help you.