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Monday, May 12 2014

Your family law attorneys in New Jersey want to keep you informed with the latest information on New Jersey news. Divorce has always created stress and tension for all those involved. Compromise is a common theme and something that needs to be reached to bring resolution, especially to those who have a hand in lawmaking. Contact your family law attorneys in NJ for more information.

Will New Jersey Lawmakers Find Common Ground on Alimony Reform?

Source: NJ.com

While lawmakers may agree that New Jersey's alimony laws need an overhaul, they will have to reach a compromise in order to move forward, something that is often hard to come by when dealing with divorce.Under current law, alimony terminates upon the death of either party or the subsequent remarriage of the recipient spouse. It is often difficult to adjust the payments when the parties' financial situations change after the divorce. In many cases, payor spouses can find themselves burdened by significant payments well into retirement.

Despite widespread agreement that New Jersey's archaic alimony laws are severely flawed, the path forward is less clear. Assembly Bill A845/S488, which is sponsored by Democratic Assemblyman Charles Mainor. It has the backing of the N.J. Alimony Reform Group, which has long criticized the unfairness created by New Jersey's existing alimony laws.

The bill establishes specific criteria for modifying or terminating alimony payments under several circumstances, including when the paying spouse retires, loses his job, or otherwise has a reduction in income, or when the recipient spouse cohabits with another person. The proposed legislation also eliminates the phrase "permanent alimony" in the statutes and replaces it with "alimony of indefinite term" to reflect the fact that alimony orders can be modified by the court when situations change.

Meanwhile, the New Jersey Bar Association calls for more subtle changes. It supports Assembly Bill A1649/S1808, which is sponsored by Democratic Assembly members Thomas Giblin and Pamela Lampitt and calls for substantial changes to the current system. The legislation closely tracks the Massachusetts "Alimony Reform Law of 2011."

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If you're looking for a divorce lawyer in NJ, contact DeGrado Halkovich LLC today. 

 

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