What is no fault divorce in New Jersey?
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What is no fault divorce in New Jersey?
In New Jersey, the no-fault grounds for divorce require that the parties have been separate and apart for 18 consecutive months, indicating there is no reasonable prospect of reconciliation. Note, the courts in NJ also refer to divorce as dissolution.
Is New Jersey an alimony state?
There really is no such thing as permanent alimony in New Jersey after the new spousal support law went into effect just a few years ago. However, you may be entitled to what is now called open duration alimony, which really has no cap on time.
What is a fair amount of alimony?
Under the formula, alimony is set at 30 percent of the higher-earning spouse’s income, minus 20 percent of the lower-earning spouse’s, as long as the recipient doesn’t end up with more than 40 percent of the couple’s combined income.
What is a fair divorce settlement?
Divorce Settlement: The marital assets are split 50/50 between the spouses. There is no spousal support or child support. Their marriage is a medium-term marriage where spousal support and an unequal division of marital property may be considered. Divorce Settlement: The marital assets are split 60/40 in Karen’s favor.
