Reaching an amicable settlement can be challenging for divorcing couples in New Jersey and around the country, and it can be particularly difficult for them to find common ground when contentious issues like spousal support and the division of marital property are being discussed. However, even the most belligerent are often able to see beyond their personal animosities when young children are involved. Parents generally want their children to be happy and prosper, and understanding this may be all that is required for custody and visitation talks to be calm and productive.
Getting divorced involves various complications and difficulties including the distribution of assets. Have you thought about your marital debts? Debt is treated as an asset in a divorce. If you do not know what debt you will be responsible for after the divorce, it is time to learn the basics about dividing debt.
When New Jersey couples decide that it is time to get a divorce, they often focus on the large assets first when it comes to property division negotiations. These assets usually include the family home, any other real estate they may own, cars and expensive furniture. Once tangible items have been divided, splitting cash and hashing out child support or alimony is usually the next step. However, some smaller marital assets can be overlooked, especially if a person does not have a qualified financial adviser on thedivorce team.