When spousal support is agreed upon or ordered by a New Jersey court in a divorce, it does not mean that such an order is set in stone. Circumstances change and modifications may be necessary. In anticipation, a spousal support agreement can include a clause for cost of living and inflation escalations at predetermined intervals. Without such clauses, the court can be petitioned to increase the amount received, lower the amount paid or to terminate it altogether.
The end of a relationship can be emotionally taxing, especially when it is the end of years of married life. Apart from the emotional aspect, New Jersey residents in the midst of a divorce may become overwhelmed with the intricacies of the process. This is especially true when it comes to spousal support.
When getting divorced in New Jersey, a family court judge will order the division of marital property, allocate child custody, parenting time and more. Alternatively, a couple can sit down and negotiate agreements that fit their circumstances. However, making important financial decisions about spousal support and other matters without understanding the tax implications could bring some unpleasant post-divorce surprises.
It is a fact of life that nothing is constant and that one's circumstances can change at any moment. Spousal support, if any, is established by using the financial figures supplied during divorce proceedings. New Jersey divorcees may be glad to know that an application can be made to a divorce court to alter the order for support should their financial position change.
Feelings of negativity and resentment often accompany the end of a relationship. After the divorce process, an ex-spouse may not honor the payments ordered by the court, leaving the person who is supposed to receive the money in a difficult position. Reasons for nonpayment may vary, from pure spite due to negative feelings to falling on hard financial times, or pressure from a new spouse or romantic partner.
One of the biggest headaches one may face at the prospect of an ending marriage is how to survive financially. This is especially true if one spouse was the main contributor to the income of the joint household. It may be beneficial to know if spousal support may be awarded in New Jersey and how long payments will continue, as it can provide peace of mind and allow for planning the future.
Two people negotiating on matters close to their hearts may find the process quite difficult, particularly when it relates to the end of a marriage. When it comes to divorce, many New Jersey divorcees will confirm that the issues relating to the children may be the most difficult, but a close second are matters relating to spousal support. The idea of paying alimony to an ex is not something many people get excited about.
There are many well-known sayings to illustrate the problems money can cause -- all with good reason. In any matter where agreements have to be reached on money matters, even the most accommodating parties may find it difficult to reach such an agreement. The same holds true for divorcing parties negotiating spousal support.
Once a divorce is final, both parties are free to continue with their separate lives, and in many cases, this is precisely for what they wish. However, monthly spousal support payments may act as a regular reminder of a marriage that did not work out. Monthly payments also come with the risk that a payment may be missed, resulting in unpleasant consequences.