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.
- What Happens With Financial Aid When Parents Divorce?
- Divorced Parents and College Tuition
- Taking Your Children Out of the Country After a Divorce
- What Happens When One Parent Pays Children's Health Benefits?
- When You've Had Enough of Your Ex Cyberstalking You
- What Happens to Marital Debt After a Divorce?
- Can You Really Use Social Media to Serve Legal Papers?
- See What Happens When One NJ Parent Wants to Relocate Children
- Child Support Obligations Can Actually Last a Long Time
- Is Permanent Alimony Still Possible?
same-sex couples new jersey law grey divorce Child Custody Domestic Violence Child support enforcement Equitable Distribution civil union Divorce alimony Prenuptial Agreement dissolution of civil union high net worth Prenuptial Agreements Child Support
- 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)