This bill amends N.J.S.2A:34-23 to clarify the court's authority regarding the educational expenses of unemancipated children in child support cases. It introduces provisions that require the court to consider the child's needs and capacity for education, including factors related to higher education. The bill emphasizes that the obligation to support a child who has not been emancipated does not end solely due to age if the child has a severe mental or physical incapacity that results in financial dependence on a parent. Additionally, the court is empowered to create trusts or other security devices to ensure the payment of foreseeable medical and educational expenses.

The legislation also establishes guidelines for the modification and termination of alimony, particularly in relation to retirement and educational expenses. It sets a rebuttable presumption that alimony will terminate upon the obligor reaching full retirement age, while allowing for modifications based on specific circumstances. The bill prohibits individuals convicted of serious crimes against their spouse or partner from receiving alimony and outlines factors the court must consider when determining alimony, such as the financial circumstances of both parties and the duration of the marriage. Furthermore, it allows courts to require children to contribute to their educational expenses through scholarships, grants, and loans, while ensuring that parental obligations are assessed based on a comprehensive list of factors. Overall, the bill aims to provide clearer guidelines for courts in handling child support and alimony cases, ensuring fair and just outcomes for all parties involved.