Articles Tagged with divorce; New Jersey; Alimony; Savings

In the preface to Benjamin Franklin’s famous 1758 almanac he proclaimed: “A penny saved is a penny got.” In the parlance of our times, the quote has been more commonly used to stand for “a penny saved is a penny earned.” Whether or not Benjamin Franklin, a learned economist, meant that a penny saved, as opposed to reinvested, was in fact a penny earned is up for debate. On September 12, 2016, in the case of Lombardi-v-Lombardi, the New Jersey Appellate Division addressed the issue of how alimony should be calculated in a divorce case when the parties during the marriage historically saved money. Continue reading ›