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Tag: assets

What Happens to the Family Home in a New Jersey Divorce?

Going through a divorce is a complicated process, as it requires the division of two people’s lives that were brought together as one. In most cases, this significantly impacts the future of both these parties as well as other family members who are involved. These impacts can be emotional and financial, as it is possible […]

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What is Considered Marital Property in a New Jersey Divorce Case?

A significant part of divorce proceedings for a couple is dividing their property between the two of them. In doing so, the property is broken down into two main categories: marital property and separate property. It is important for spouses entering into divorce proceedings to understand these matters, as it can impact their future after […]

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What Should I Avoid Doing During a New Jersey Divorce?

Going through a divorce can not only be time-consuming, but it can be tricky. The future of a person’s marital issues is extremely important, which is why spouses should be sure to not engage in any activity that can jeopardize them. It is because of this that there are a few things individuals going through […]

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How are Complex Assets Handled in a New Jersey Divorce?

Going through a divorce is often an overwhelming process for both spouses as well as their families. This is because it requires the separation of lives that were brought together over a period of time. When this happens, these lives are generally intertwined in many ways, including their assets. Dividing these assets is usually difficult […]

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Marital Property Laws In New Jersey

The rules regarding the division of a couple’s assets during a divorce vary from state to state. Community property states divide marital assets equally between the spouses regardless of their financial situations, but New Jersey is what is called an equitable distribution state. In New Jersey, the court will divide marital property in a manner […]

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Common Financial Mistakes People Make During Divorce

It is not uncommon for one person in a married couple to handle the household finances. In the event of a divorce, this person often has an advantage over their partner. Due to a lack of knowledge or experience, some spouses in New Jersey make significant mistakes during a divorce that could have long-term financial […]

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Fighting For Pet Custody Is No Laughing Matter

As more people in New Jersey and around the country are waiting to have children when they are older and more households are adopting pets, it isn’t a surprise that there’s been an increase in divorcing couples fighting over who gets to keep the animals. Melanie Griffith and Antonio Banderas publicly fought over their dogs […]

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Protection Via A Domestic Trust

While some New Jersey individuals may use domestic asset protection trusts to protect them from other creditors, some individuals are discovering new uses for them. One new use is to protect a person’s assets in the event of divorce. Domestic asset protection trusts are different from revocable trusts because they are irrevocable. With a revocable […]

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Divorce Over The Age Of 50 More Common

New Jersey may be affected by a growing divorce trend. According to a recent article, about 20 years ago, only 10 percent of divorced couples were over the age of 50. Now, about 25 percent of divorced couples are part of that age group. Divorce can be detrimental to the financial situations of individuals who […]

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Podesta Alleges Misconduct In Divorce

In some New Jersey divorce cases, allegations are made that one party has acted improperly during the course of the marriage. Such was the case for the Podestas, who announced their pending divorce on April 3. Tony Podesta, who is the brother of John Podesta who served as Bill Clinton’s White House chief of staff, […]

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