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New Jersey Alimony Amendments

By: Natalie L. Thompson, Esq. If you have an existing alimony obligation, the recent reform to New Jersey’s alimony statute may be able to provide some relief to you. While many of the provisions only apply to individuals who do not yet have a final judgment of divorce, there are several provisions which apply to cases in which the Judgment of Divorce was entered. These provisions were designed to provide relief to an obligor who has had a financial change of circumstance since the initial alimony award, who seeks to retire or whose former spouse is cohabiting. Change of Circumstances: The recent...

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NJ Alimony Reform

No one likes to pay alimony, but many people need alimony. How do we reconcile those opposing positions? It becomes more complex with the competing interests of the Judiciary (who want to maintain the power and discretion to award alimony as each case unfolds) and the need to reign in the uncontrollable disparity of alimony awards from judge to judge, county to county, and day to day. Add to the mix the family law bar, who are opposed to formulae that will remove an issue that they can litigate on behalf of their clients, and the anti-alimony groups, who believe...

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The Obama Plan: Making Home Affordable Program

My Home is in Foreclosure! Are you one of the many homeowners facing foreclosure?  Do you owe more on your house than what it is worth?  Have you or your spouse ever lost their job or faced a reduction of income?  Many people both across the country and here in New Jersey are answering, “yes” to these looming questions.  Is there a way to save the home you live in? The Obama Plan – In theory: In March 2009, President Obama and his administration set up guidelines for the Making Home Affordable Program. This changed the way estate planning in NJ would work....

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