Alimony is a term that describes payments that one spouse or partner makes to the other during or after a divorce or separation. Alimony payments are a way for New Jersey divorcees to help support the spouse who is in a financially disadvantaged position, either because they earn less money or have not worked outside of the home.
This is a one-time payment made by one spouse to the other. Lump-sum alimony is usually awarded in cases where the receiving spouse needs a large amount of money to help them get back on their feet following their divorce.
Temporary alimony is a short-term payment made by one spouse to the other during the divorce process. It is intended to help the recipient cover their living expenses while the divorce is being finalized.
This type of alimony is awarded to help the receiving spouse become financially self-sufficient. For example, if the receiving spouse needs to go back to school or retrain for a new job, rehabilitative alimony can help cover those expenses.
As the term makes clear, permanent alimony is a long-term payment made by one spouse to the other after the divorce is finalized. Permanent alimony is awarded in cases where the receiving spouse is unlikely to become financially self-sufficient due to age, health or other factors.
Moving forward financially after a divorce
Alimony payments are an essential aspect of post-divorce life for vulnerable individuals. They are intended to help support the spouse who is in a financially weaker position. The process can be complex and may involve litigation.