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NJ Divorce and Child Support with High Net Worth Marriages

Aug 2, 2016 @ 01:07 PM — by Michael Green

NJ Divorce and Child Support with High Net Worth Marriages.  In many instances alimony and child support may be awarded in a high net worth New Jersey marriage where the alimony terminates and child support must continue.  In instances such as this, child support is generally recalculated to take into account the loss of income by the spouse receiving alimony.  Proportions of income used to calculate the initial amount of child support may be the basis for what is determined for the recalculated amount of New Jersey child support.  In addition, parties may wish to determine the amount of child support to be paid for college taking into account that the children will be at or away from home and how that impacts the amount of child support as college tuition and expenses are being paid by the parties.  Finally, the percentage of parties paying for extracurriculars may be the same or recalculated depending on the parties New Jersey matrimonial settlement agreement and what those terms were for any postjudgment divorce and if a plenary hearing is ordered based on a motion being filed for the modification of child support.  If you have questions regarding these issues, please call us at 732-390-0480 or 201-242-1119 in our East Brunswick or Fort Lee New Jersey divorce offices.  Our NJ divorce lawyer and NJ divorce attorney can help you today.

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