'Permanent' Alimony Permanently Removed from Law
New Jersey lawmakers made some significant revisions to the current alimony law in 2014 – changes that will have a direct impact on every divorce agreement negotiated in NJ in the future. One of the more significant changes includes the elimination of the term “permanent alimony” from the current divorce code. The term has since been substituted with “open durational” alimony, allowing for tighter restrictions on awards.
Once the bane of existence for every primary breadwinner going through a divorce, it would appear on the surface that the concept of lifetime alimony has gone the way of 8-track tapes and the abacus. Under the new law signed by Gov. Chris Christie in September of last year, alimony for marriages lasting less than 20 years would be paid for no longer than the duration of the marriage itself. Current alimony providers who are looking for a break are urged to hold their celebration, however, as the new law doesn’t apply to divorce agreements that have already been settled in New Jersey courts.
If you are considering divorce, it’s imperative that you speak with an experienced attorney who can help you understand New Jersey’s new alimony code. Forget everything you think you know about what your friends and family have told you. This is not the time for ambiguity.
When it’s time to negotiate your financial future, you need to rely on a qualified professional to help you make sure you’re treated fairly. Things have changed and you may no longer be bound to the same draconian alimony laws as others before you. Talk to a lawyer that can help you navigate the ever-changing divorce law landscape.
The divorce attorneys at Graziano and Flynn are well-versed in New Jersey’s family and divorce laws. We will aggresively represent your interests at the negotiation table and in court. If you’re on the verge of parting ways with your spouse, contact us for a free consultation.