If your divorce is not already finalized, you will probably be affected by the new laws which will change how alimony is taxed. Alimony, which is sometimes called spousal support, is a payment one spouse is sometimes ordered to pay the other spouse after divorce....
Alimony
Do I have to pay income taxes on alimony?
When high-asset couples divorce, the likelihood of spousal support factoring into the process is high. Because of the tax reform law passed last year, how this support affects income taxes will change. If you are seeking a divorce and will either be paying or...
New Standard in New Jersey Alimony Statute
On September 10, 2014 Governor Chris Christie signed into law the highly anticipated Alimony Statute which modifies how Alimony is awarded in New Jersey. The most significant changes include: • For marriages that lasted fewer than 20 years, the length of alimony...
Support Modifications in a Disastrous Economy
Support modification motions have long been regarded as among the most challenging and difficult applications to present to a court. This sentiment is even more appropriate in the current economic climate. While economic indicators appear to forecast improved...