A new statute is being considered in the New Jersey Senate, sponsored by Republican Senator Sean Kean. Kean is proposing a statute that would automatically allow modifications of alimony when a payor loses his job or retires. This would be a plus to those who pay alimony, who may lose their job or retire, but may not be helpful to the recipient of alimony who depends on the monthly payments to pay his/her bills each month. In Massachusetts, a similar statute was recently enacted. It will be interesting to watch what happens with this proposed statute. I will keep you posted. |
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