A Short Guide to New Jersey Alimony Calculators
What is a New Jersey alimony calculator?
An alimony calculator allows you to estimate the cost of alimony payments given a few income and marital variables. They rely on state guidelines to generate a mathematical formula, which can be a problem in states such as New Jersey, where no formulas are available.
Even though most New Jersey alimony calculators are so inaccurate that they are of no use, all is not lost. You can still replicate the benefits of an alimony calculator for New Jersey by researching state laws and practices.
Which factors do a New Jersey alimony calculator consider?
New Jersey alimony law outlines thirteen factors for every judge to take into consideration when crafting an alimony award. If you are hoping to replicate the effects of an alimony calculator for New Jersey, look over the following questions. The more “Yes” answers you give, the higher your situation’s alimony award is likely to be.
1. Can the spouse asked to pay alimony still support their reasonable needs while paying?
2. Did the marriage continue for at least five years in duration? What about ten? Or twenty?
3. Is one spouse too old to seek appropriate employment? Or does their physical or emotion condition make full-time employment inappropriate?
4. Was a high standard of living established during the marriage? Is it impossible for the lower-income spouse to continue with this standard of living relying solely on their independent income?
5. Will the lower-income spouse continue to have a very low earning capability?
6. Was the lower-income spouse removed from the job market for an extended period due to domestic duties?
7. Are there no child support obligations weighing against the higher-income spouse? Does the lower-income spouse not benefiting from a child support check?
8. Is it possible for the lower-income spouse to obtain appropriate employment only through job re-training?
9. Did the lower-income spouse contribute greatly to the other spouse’s standard of living during the marriage or their finances during the marriage?
10. Would an equitable distribution of property include a significant alimony award?
11. Does the higher-income spouse have a great deal of income currently available?
12. Will the income taxes of the higher-income spouse set to be lowered because of their alimony payments?
13. Are there any other factors that a judge will be aware of that could potentially affect how equitable distribution of property is defined?
Additional Information Regarding Alimony Calculators for New Jersey
New Jersey State Statute is the source of all the state’s information regarding alimony decisions, including the 13 factors listed above. It also lists the different types of alimony a person can receive in New Jersey, including permanent alimony, rehabilitative alimony to pay for further schooling, and pendente lite alimony for during divorce proceedings.
If you’d like to know more about New Jersey law and its influence on the New Jersey alimony calculator, you can read State Statute 2A: 34-23 here:
