The end of your marriage in Mount Holly can bring with it a great deal of uncertainty, particularly if your ex-spouse was the primary income earner in your home. Of the many clients in your same situation that we here at The Law Firm of Michael S Rothmel LLC have worked with in the past, some look forward to supporting themselves, while others fear that they will not be able to return to same standard of living they had while married. Whereever in that spectrum you may fall, know that the state has different forms of alimony that can custom-fit your situation.
As tax time approaches, many people in Mount Holly may be unsure about how their divorce will affect their tax return. Anyone who makes or receives alimony payments will need to report them to the Internal Revenue Service. Here is how alimony will affect a person’s tax status.
Think your former spouse has a serious partner? If so, you may wonder if you still have to keep paying alimony. Similarly, if you have a new partner post-divorce, you may wonder if or how long you can still get alimony if you don't get remarried. The answer depends in part on whether the new couple is living together. Before 2014, if the new couple didn't officially live together, they were not considered to be cohabitating. Therefore, it would be difficult for someone seeking to terminate alimony to make a successful case on those grounds.
In September of 2015, New Jersey Governor Christie signed the Alimony Reform Act into law, updating the state's alimony laws. The new law codified much of the case law that had developed since it was first drafted in the early 1970s. The new law contains several important changes, as follows.