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 factors related to a child's educational needs, including those concerning higher education, when determining the amount of support owed by a parent. The bill also stipulates that the obligation to support a child with a severe mental or physical incapacity continues until the court finds that the child is no longer financially dependent on the parent, while allowing the court to create trusts or other financial arrangements for the child's well-being.

Additionally, the bill outlines the types of alimony that may be awarded and specifies the factors the court must consider in making these determinations. It establishes that individuals convicted of serious crimes against a family member are ineligible to receive alimony from the victim and provides guidelines for modifying or terminating alimony based on retirement. The bill emphasizes the need for courts to evaluate various factors when determining both child support and alimony, ensuring that decisions are fair and take into account the financial circumstances and needs of both parties involved.