After one enters into a settlement agreement that includes an alimony obligation or after a New Jersey Court establishes an alimony obligation, the person who has to pay that alimony may later have a change of circumstances that make it difficult or impossible to fulfill that alimony obligation. On an application to the Court, an alimony obligation may be modified. The Court will look at the circumstances to determine whether a change is warranted. A short term period of unemployment typically does not garner a change. However, if it can be demonstrated that the change in circumstances is permanent than the Court may award a downward modification or reduction to your alimony obligation. These circumstances can be complicated. For instance, if someone is paid on commissions, fluctuations in income are anticipated. Of course, when there is an established trend in a particular industry causing a dramatic change in income, there may be a stronger argument for a reduction in an alimony obligation. Also, a business owner or entrepreneur may experience a downturn in revenues. This too may warrant a reduction in alimony. Again, an examination of the causes in the downturn in revenue will be scrutinized. However, if it is determined that the downturn is due to no fault of the obligor of the alimony award, a reduction in alimony may be awarded.
- Divorce and Your Health Insurance: What You Need to Know
- Changing Your Children's School After a Divorce
- Deferred Compensation: How Will It Be Divided When You Split Up?
- Will Your Home Team Break Up After the Super Bowl?
- Worried Your Divorce Will Affect Your Parental Rights?
- Is There Actually Such a Thing as Legal Separation in NJ?
- Domestic Violence and Due Process: What You Need to Know
- Be Prepared: Your First Meeting with a Divorce Lawyer
- How Cheaters Get Caught By Their Spouses
- Can Marijuana Use Impact What Happens With Your Children in a Divorce?
same-sex couples Child Support dissolution of civil union Divorce Child Custody high net worth Prenuptial Agreement civil union alimony grey divorce Domestic Violence Prenuptial Agreements Child support enforcement new jersey law Equitable Distribution
- alimony (11)
- Child Custody (7)
- Child Support (7)
- Child support enforcement (1)
- civil union (1)
- dissolution of civil union (1)
- Divorce (16)
- Domestic Violence (3)
- Equitable Distribution (6)
- grey divorce (1)
- high net worth (2)
- new jersey law (8)
- Prenuptial Agreement (2)
- Prenuptial Agreements (1)
- same-sex couples (1)