In a New Jersey divorce, the Case Information Statement provides comprehensive financial information to the court and the opposing party. This document serves as a snapshot of each spouse's financial situation. Its primary purpose is to facilitate fair and equitable...
Divorce
Be aware of gray divorce complexities for proper planning
Couples divorce for many reasons, even after decades of marriage. Gray divorce, referring to the dissolution of a marriage involving individuals typically aged 50 and older, presents unique challenges that can complicate the process. Several issues may arise that...
What happens to businesses during a New Jersey divorce?
Property distribution is an important part of the divorce process. New Jersey is an equitable distribution state, meaning judges use fairness as the criteria for division rather than equality. They use multiple factors to determine what is equitable. Businesses are...
When a divorcing couple disagrees on the worth of their house
Agreement does not always come easily in marriage. In divorce, it may be even harder to come by. When a divorcing couple finds themselves at odds over the valuation of their house in New Jersey, even more challenges can emerge and affect various aspects of the divorce...
Key considerations before filing for divorce in New Jersey
The CDC reported that over 746,000 New Jersey residents filed for divorce in 2019. Filing for divorce is a significant decision that can have long-lasting effects on your life and the lives of those around you. In New Jersey, there are specific considerations to keep...
Documents to prove income during a divorce in New Jersey
Establishing accurate financial information is an important aspect of divorce. This is especially true when it comes to proving income since income can directly impact matters such as alimony, child support and the division of assets. In New Jersey, you can use many...
How children benefit when parents share custody
Divorce can bring about significant changes in family dynamics. This is especially true for children caught in the midst of parental separation. However, research shows that children benefit when their parents share custody. From emotional well-being to academic...
3 ways to minimize the financial impact of alimony payments
When couples in New Jersey part ways, one common concern is the financial impact of alimony payments. Alimony can be a significant financial burden, but there are ways to lessen its impact. 1. Negotiate fairly Initiating an open and honest discussion with your future...
Who gets the family pet in a divorce?
According to the CDC, there are close to 700,000 divorces in the U.S. each year. Divorce is a challenging process, and it becomes even more complex when a couple has beloved pets. Many families view their furry companions as valued members, leading to emotional...
Is refinancing debt a good idea for divorcing couples?
During divorce, the couple sorts out the division of marital property and liabilities, including specific debt. In some cases, settling these financial issues is a straightforward process. For others, it can get complex quickly. Some assets can come with unpaid loans,...