Couples who have diversified their portfolios and who enjoy multiple streams of household income are at risk of more complicated divorces. Not only do they have more assets and debts to divide, but there is also an elevated risk of financial misconduct. Complex...
When couples are dividing assets during divorce, it can be understandable that the 529 college savings plan they started for their child wouldn’t be their greatest concern. That’s particularly true if their child is still many years away from college and the plan...
Divorce is challenging and emotional. These factors may make you forget about important parts of the process that can impact your life in big ways. One of these is your finances. It is wise to plan for your financial situation after divorce to ensure that you are...
Divorce tends to trigger a variety of disputes between spouses. Couples may not agree on a fair way to divide their property or on how to handle matters regarding any shared children. In some cases, they might not even agree about the necessity of a divorce. One...
When marital tensions are rising, a lot of folks try to set things right again by taking a small (maybe romantic) vacation with their spouse. They may hope to rekindle their old passions, spend some time talking through their recent troubles and look for compromises...
Divorce can be a challenging period for any family. Still, when one or both parents are dealing with depression, it can add an extra layer of complexity to an already difficult situation. Depression can manifest in various ways, affecting not only the individual but...
Alimony is typically meant to be temporary and is traditionally used to give a divorcing spouse who has been out of the workforce a chance to get the education, skills and experience they need to become self-supporting after divorce. However, some spouses, because of...
At one time, if you divorced in New Jersey after a lengthy marriage, you might expect to pay (or receive) permanent alimony – but that has changed. In 2014, the law changed the wording of this kind of spousal support from “permanent alimony” to “open durational...
Gray divorce refers to the phenomenon of divorces occurring among older couples, typically aged 50 and above, who have been together for many years. Over the past few decades, there has been a noticeable increase in the gray divorce rate, challenging the conventional...
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...
