People often worry about the financial consequences of divorce. They have heard stories of those who have lost a significant portion of their personal resources during divorce. Especially if someone is close to retirement age, it is natural to focus on the potential...
family law
Why might children think they caused divorce?
It is very important to carefully think about the conversation you have with your children regarding an upcoming divorce. They may view it much differently than you do, and they may have questions you would never think of. It’s good to give them a chance to talk so...
Don’t plead your case for alimony. Prepare it
Does this scenario sound familiar? Divorce is looming or underway, and you must figure out how to make ends meet on a single income while dealing with financial anxiety. You are not alone, as many divorcing spouses struggle with the same issue. Spousal support could...
What happens to your pets in a divorce?
Pets often feel like part of the family. There’s been an interesting evolution regarding dogs, for instance. Domestication used to be mainly focused on getting dogs to assist humans, such as working on a farm. But today, most people who have pets just view them as...
Considerations for co-ownership of a business post-divorce
When spouses who co-own a business go through a divorce, the situation requires careful consideration to better ensure the success of the business and fair treatment of both parties. This complex scenario involves the practical and financial considerations associated...
How might your teenager react to your divorce?
Divorce can profoundly impact not only a married couple involved but also their children. Teenagers, in particular, may experience a range of emotions and reactions when faced with their parents’ separation. If you are a parent who is navigating these challenging...
Don’t let gift buying turn into a competition this Christmas
Some people treat gift buying as a competitive sport. It can be a particular problem after parents divorce. Maybe one parent attempts to outdo the other to make them look bad in front of their child. Maybe they do it to win favor with their child. Or perhaps it’s an...
Determining what to do with rental property in divorce
Deciding what to do with your home as you divorce will likely be one of the biggest decisions you’ll make. There are many financial, practical and emotional factors at play. If you and your spouse own one or more rental properties, your decisions are more likely to be...
Reasons why no-fault divorce is suddenly under scrutiny
Many New Jersey couples get married thinking their marriage will last forever. However, for some, divorce is inevitable when an issue causes a rift between spouses. No-fault divorce is a common option, but it’s suddenly under scrutiny. Understanding no-fault divorce...
Accounting for executive compensation in a divorce
In New Jersey, executive compensation could be considered part of the marital estate unless excluded by a prenuptial agreement or other arrangement. Assuming that such compensation is part of the marital estate, it will be divided in an equitable fashion per state...