Palimony is monetary compensation from one member of an unmarried couple to the other, following their separation. A 2010 statute prevents individuals from obtaining palimony unless the couple had a written agreement. Recently, the Supreme Court addressed the issue of whether this statute would apply to agreements made before it was enacted in 2010. The Supreme Court has determined that the law does not apply retroactively. Therefore, oral arguments made before the statute was encated in 2010 may still be enforcable. So now, whether or not you need a written agreement to be entitled to palimony depends on the year the agreement was made.
How is Debt Divided During a New Jersey Divorce?
When a couple decides to get married, they agree to join their lives together. This generally means combining assets. Unfortunately, it may also mean taking on your partner's debt. When a divorce occurs, both assets and debts will have to be divided between the two parties. You may be wondering how this works. Read on…
