Negotiate an Alimony Agreement that Works for You

If you are going to be the one receiving alimony in New Jersey, your view on the topic is likely considerably different from your ex’s opinion. After all, you need enough money to survive and want enough money to be able to live the life you have become accustomed to living.

On the other hand, chances are, the person paying the alimony wants to pay the least amount possible. That may be understandable because they also want to be able to pay their bills and enjoy a quality of life.

Whenever finances are discussed during divorce negotiations, stress and frustration soon follow. After all, you are dividing up assets and debts. It’s unlikely your bills will be reduced; in fact, one of you will probably incur additional housing costs. Plus, there’s food and furniture and the daily costs of living to consider.

How are you both supposed to make it – and take care of your children – when there will be two households to support instead of one? This is a difficult question to answer and one that certainly requires the guidance of an experience divorce lawyer.

The vast majority of people don’t really know what goes into negotiating alimony. To many, it’s just a word that exists until they are facing divorce. Alimony, also called spousal support, can be ordered for the long term or for a limited time.

Your family court judge will make that final decision based on a variety of factors including: ability to pay vs. financial need, length of the marriage, age of the parties, standard of living established during the marriage and earning potential of the spouses, and others. Your lawyer will help you to make sure your interests are protected when alimony is being negotiated.

At Graziano & Flynn, P.C., in Cherry Hill New Jersey, we fight to protect the lifestyle you’ve grown accustomed to throughout your marriage, whether you are the party obligated to pay or the party receiving the support. Contact us today for a consultation about your situation.