Some parents in New Jersey who are getting a divorce might consider a custody arrangement called "birdnesting" or "nesting." This arrangement involves the children remaining in the family home while their parents rotate in and out. The parents maintain another place they live in when they are not staying with their children. Usually, this is a small apartment.
New Jersey couples who are planning on divorcing soon may have incentive to finalize them before 2019 begins. This is because a change to the tax treatment of alimony will soon take effect. For divorces that are finalized on or after Jan. 1, 2019, alimony is no longer income to the recipient, nor is it a tax deduction for the person making the payment.
If you are facing divorce, you may have significant assets to divide with your soon-to-be ex-spouse. If your family business is one of those assets, its fate may be the most important consideration when you reach the property division stage of the divorce proceedings. Here are three options to think about.