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...
COMBINING COMPASSION WITH PRACTICALITY
DIVORCE – Property Division
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,...
Signs your spouse might be concealing assets during a divorce
When a marriage ends and a divorce is on the horizon, it is time to divide the assets. Unfortunately, some spouses in New Jersey try to conceal assets to gain an advantage during the settlement. While it is important to maintain trust throughout the process, it is...
Who gets the pet in a divorce?
When a couple goes through a divorce, the matter of who keeps the beloved family pets weighs heavily. A decision is inevitable. In the eyes of the law, pets are property, which means their custody is subject to property division rules. There is more to know than one...
What is financial abuse in a marriage?
Domestic abuse is when a person you share a home with uses violence, the threat of violence or different manipulation tactics to exert control over another individual. It is an act of extreme cruelty, which is one of the grounds for a divorce in New Jersey. Financial...
Should you keep the family home in your divorce?
Going through a divorce is not only an emotional ordeal but it also requires difficult decisions. Among these, deciding whether to keep the family home is a significant one. Your home might hold many memories for you, but it is important to make a sensible choice for...