When a New Jersey couple gets a divorce, the parties must learn to survive on their own again both emotionally and financially. A divorced individual who wants to obtain credit cards or obtain a home or auto loan must be able to do so on his or her own. If a lender runs a credit […]

As New Jersey parents may know, child support payments are intended to involve both parents in the financial costs of raising a child. After a time, child support agreements terminate, and this usually occurs when the child becomes into a legal adult. In many jurisdictions, support ends when a child reaches 18. However, the age […]

What expenses are covered by child support? There is no dispute that parents are equally responsible to provide financial support for their dependent children. During the divorce process, either the court or the attorneys representing the divorcing parent will calculate child support for the children of the marriage. The noncustodial parent is then responsible to […]

Divorce litigation is stressful, and often times clients lean on friends and loved ones to get through the difficult time.  Sometimes a family accountant is consulted.  Not only are these friends and loved ones often sought out for emotional support, they are sought out for advice on how to proceed in the divorce case.  In some […]

In some cases, divorcing parties have more to litigate than the actual divorce. One spouse may desire to sue the other for civil financial and/or personal injury claims which arose during the marriage. These claims are generally referred to as “tort claims.” An example would be if one spouse physically injured the other during the […]

Divorcing parents are often faced with difficult situations involving their children. Often tense emotions can become heightened when parents begin introducing third parties that are now part of their separate lives. The other parent may raise opposition to third parties being introduced too soon and children may also experience confusion as well as tension from […]

When a New Jersey couple is going through divorce, one of the things they will need to decide is which one should be able to claim deductions available for a dependent child or children. Although the IRS will normally consider a child who lives with and is financially supported by one parent over the other […]

With the holidays having come to end and Valentine’s Day quickly approaching, I want to address whether or not gifts made during the marriage are subject to equitable distribution in a divorce proceeding. In the State of New Jersey, inter-spousal gifts made during the marriage are subject to equitable distribution. However, gifts made by third […]

A new study has found that more than 7 million Americans, mostly men, have a hidden bank account or credit card account. It is not uncommon for spouses to hide financial issues from each other, such as concealing financial difficulties, secretly setting money aside for themselves, or incurring debt. This is known as “financial infidelity” […]

The question of retirement often comes up following a divorce. After paying alimony for a certain period of time, clients often ask if they are permitted to retire and to reduce their alimony obligation. The answer is not always clear cut and is dependent on numerous factors. Retirement does not always leads to an automatic […]