Credit: Maryna Pleshkun / Shutterstock.com Consideration of the Savings Component in Alimony Awards
New Jersey is among a minority of states in which savings habits during a marriage can be considered in determining the amount of an alimony award, and the issue still arises in many high-net-worth divorces.
September 22, 2022 at 10:00 AM
6 minute read
New Jersey courts have recognized that a savings component can be included as a part of an award of alimony. New Jersey is among a minority of states in which savings habits during a marriage can be considered in determining the amount of an alimony award. While courts recognize and consider savings during marriages when determining alimony awards, the issue still arises in many high-net-worth divorces.
Savings as Marital Lifestyle Component for Alimony Awards
In Lombardi v. Lombardi, 447 N.J. Super. 26 (App. Div. 2016), the New Jersey Superior Court, Appellate Division, held that regular savings as a part of a couple's marital lifestyle should be included as a component in the determination of alimony. The court found that this is true even when it is not required to protect the recipient's ability to collect alimony payments.
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