Setting Initial Alimony Obligations
Experienced Guidance for Alimony
Alimony causes tension in many divorces, but the issues may vary widely between high-income and median-income couples. Median-income couples may negotiate alimony with the intent of helping the lower-earning spouse pay basic living expenses. Higher-income spouses may consider alimony in terms of maintaining a lifestyle comparable to the standard of living that the spouses maintained during the marriage.
The attorneys at Ulrichsen Rosen & Freed LLC, understand the needs of both median- and high-income couples in resolving alimony needs. Our lawyers understand the particular needs and concerns that all parties encounter with decisions regarding alimony.
Spousal Support Attorneys
New Jersey has more than one type of alimony, also referred to as spousal maintenance or spousal support.
- Reimbursement Alimony compensates a spouse who has paid for the other spouse to secure a degree or training, but will not benefit from the income generated by the degree due to the divorce.
- Limited Duration Alimony obligates one spouse to provide support for a temporary, fixed period.
- Open Durational Alimony obligates one spouse to provide support for an open period of time until a court terminates the obligation or the parties agree to terminate the obligation.
- Rehabilitative alimony permits a short-term alimony award to allow one spouse to obtain the training he or she needs for economic self-sufficiency.
Alimony payments can be modified if either party has a significant change in circumstances that warrants a modification of support. The attorneys at Ulrichsen Rosen & Freed LLC provide representation when establishing an alimony obligation, as well as when modifying or terminating an existing alimony obligation.
Lawyers Who Understand High Net Worth and Alimony
Unlike child support, alimony is not determined using state guidelines. Therefore, courts have wide discretion in determining whether to order support and, if so, the amount of support. Due to this discretion and because alimony issues for high net worth clients often turn on maintaining the marital standard of living rather than paying for necessities, retaining an experienced family law attorney is critical for ensuring that your interests are protected.
The partners at Ulrichsen Rosen & Freed LLCeach have decades of experience and have each handled a significant number of high net worth cases.
We provide guidance on alimony issues to clients living throughout New Jersey including Mercer County, Somerset County, Hunterdon County, Middlesex County and Burlington County.
To learn more, schedule an initial consultation with a lawyer from our law firm. Contact us at 609-730-3850, or contact us online.