Is Your Divorce Settlement Final? Here Are Three Reasons To Reopen Negotiation

Divorces are hard, and when you enter the settlement phase, it can become emotionally draining. Such mental exhaustion over deciding on the final details may make you make some choices that you don’t like or don’t work well in practice.

Many people feel that once the papers are signed, options are limited. It is possible, though, to see changes, especially under the following three circumstances. Find a lawyer specializing in the modification of court orders NJ, and request your case be reevaluated. 

1. Income Changes

Financial shifts are one reason to ask for alterations. Hardships and rewards come and go. Now that you are independent, it means that you’re providing for yourself more than in the past. For some, that means going back to work or seeking promotions which could increase salary.

Others may find it hard to juggle single life, especially with children in the home. For these parents, reduction of hours or loss of a job could be possible, creating a major loss of income. These conditions could impact alimony and child support needs.  You may ask for more or less monthly income based on these events.

2. Illness or Physical Disabilities

Alimony supports your previous lifestyle. Unfortunately, if you or a child become ill or hurt, that could make it harder for you to survive, requiring more assistance financially and medically. With your legal team’s aid, you could seek further medical insurance coverage or monetary commitment.

3. Growth in Child Responsibilities

Kids grow up, and sometimes that means they need more than they did before. As teens, they may require a phone for safety and communication. In addition, youth begin to drive, and parents take on insurance and car payments. This expense could be too much for one guardian; thus, you may ask for more compensation.

Finalizing your agreement does bring an end to the marriage; however, that doesn’t mean that help isn’t possible in the future. If you cannot work on financial changes together, seek professional assistance. Attorneys may be able to seek an increase in alimony funding.

 

Spread the love