Tag: assets

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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Health Insurance No Longer A Major Factor In Divorce

The Affordable Care Act is changing the way some people in New Jersey work through a divorce settlement and negotiate the end of a marriage. For example, during 2013, a couple could jointly earn too much to qualify for ACA credits. However, if the couple divorces the next year, one of them could possibly qualify […]

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Practical Advice On How Divorce Affects Home Liens

New Jersey couples who are considering divorce may be interested to hear the recommendations of a debt advisor from a recent online advice column. A reader of the advice column was recently interested to learn about the current rules regarding home debt liens after divorce. The scenario described a situation in which a lien had […]

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Pet Custody In A Divorce

Families in New Jersey and nationwide might consider their pets to be members of their families. Many pets are loved as though they are additional children. If a couple decides to split, controversy might arise over who gets to keep the pet during the divorce proceedings and after they are finalized. Just because an individual […]

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Post Nuptial Agreements Becoming Common

New Jersey residents are aware that prenuptial agreements can be made that determine how divorce proceedings will go if a couple splits up. It has been generally held that once a couple is married, if they do not have a prenup and they get a divorce, it will be up to lawyers and the court […]

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