Non-financial contributions to a marriage include a wide range of activities and support that are not monetary in nature but are essential to spouses’ marriage and family life. Common examples include the following: Managing the household: This includes home...
COMBINING COMPASSION WITH PRACTICALITY
DIVORCE – Property Division
How can I prepare financially for the divorce?
Before filing for divorce, both parties may need to prepare themselves mentally and emotionally, considering the significant changes they will face during and after the process. There is no one-size-fits-all method to go through a divorce, especially when the family...
Do less-earning spouses receive more during property division?
While this is not always the case, a marriage usually consists of one spouse earning significantly more than the other, who typically assumes homemaking duties. Consequently, those spouses earning more may be in a better position to recover financially if the couple...
Recognizing how gray divorce affects standard of living
Divorcing later in life can usher in notable changes in one's standard of living. The phenomenon, known as gray divorce, is the dissolution of marriages involving those 50 and above. As couples navigate the complexities of separating their lives, assets and futures,...
What happens to debt during the divorce?
During the divorce process, you and your former spouse may take considerable time to divide assets. But the process of dividing debt can be more complex than dealing with property, especially when the final decisions can affect your finances and credit scores. Even if...
How a divorce impacts your retirement portfolio
Navigating a divorce can be challenging, and the financial implications are often substantial. For those going through a divorce in New Jersey, one significant aspect to consider is how the separation may impact their retirement portfolio. Understanding the potential...
4 ways a spouse may strategically dissipate marital assets
Divorce can be a challenging process, especially when it comes to dividing marital assets. In New Jersey, spouses might employ various strategies to reduce the value of these assets, potentially impacting the final divorce settlement. Understanding these tactics is...
How can your assets complicate your divorce?
A divorce gives rise to various disputes and issues of conflict. What you may have yet to realize is that those complexities can multiply when you have substantial assets on the line. All your marital assets are subject to an equitable distribution in New Jersey....
Dividing retirement accounts in New Jersey divorces
Around 10% of divorcing couples are over 65 years of age, and another 25% are over 50, according to the American Bar Association. Divorces between older couples, sometimes known as grey divorces, tend to bring distinct concerns. For example, retirement accounts often...
Divorcing with a mortgage and what happens to the home
When couples marry, they often take the time to create a home to call their own. Whether that means building a house or purchasing a house or condominium, a home tends to be a very valuable and sentimental piece of property. As such, when a couple decides to divorce,...