In a recent, unpublished New Jersey appellate case, a husband appealed an order that denied his motion to get rid of his alimony obligation or reduce it. The order also provided that the husband had to maintain a $300,000 life insurance policy naming the wife as a beneficiary according to the couple’s Interspousal Settlement Agreement. The husband also had to pay $2000 to the wife’s attorney.
On appeal the husband argued it was improper for the trial court not to grant his request that alimony be terminated without making adequate findings under N.J.S.A. 2A:34-23j(3), and by improperly considering assets he got as part of equitable property contrary to N.J.S.A. 2A:34-23j(4). The husband also argued that due to his good faith retirement and the terms of the Interspousal Settlement Agreement, the court had made a mistake in asking to continue to maintain a $300,000 life insurance policy.
The husband also argued that the court made a mistake in awarding a counsel fee to the wife. He further argued that the court made a mistake by not conducting a plenary hearing on the issue of alimony, life insurance and counsel fees.