Many couples do not anticipate getting a divorce, but if they do, they might wish they had a prenuptial agreement on hand to guide them. People often associate prenuptial agreements with wealthy couples. In reality, any couple may draft a prenup and put it into...
3 tips for telling your kids about divorce
Divorce presents a big change in your life. Along with inciting a major change in your personal life, divorce is a significant event in your children's lives, and you may worry about how they will cope with it. According to the Centers for Disease Control and...
How early should couples discuss a prenup?
Working out issues that may come up in a divorce before you head to the altar may spare you and your spouse from a contentious breakup of your marriage. Even if you do divorce, your prenup may remove much of the conflict from the process. The timing of when you...
Why should you discuss a prenup ASAP?
You feel elated that you and your significant other want to marry each other and start the next chapter of your lives together in New Jersey. While you plan your wedding, have you considered discussing a prenuptial agreement? Acorns offers several reasons why it is a...
Will my bank account be nonmarital property in my divorce?
Couples often maintain separate bank accounts during a marriage. It can be a good way to prevent arguments over money and allows you each to maintain your own finances while also contributing to the household finances. However, it is not an ideal way to protect your...
What does separate property mean?
When going through a divorce, dividing assets may be a tough task to tackle with your ex-spouse. Knowing what items count as separate property can help both of you amicably choose what to keep and what to share. Definition Items that legally belong to only...
The line between valid and invalid prenuptial agreements
A prenuptial agreement in New Jersey provides couples with a way to separate marital property upon divorce. As known as premarital agreements, these are legally binding agreements. In order to ensure that they are valid and legally binding, however, there are rules...
What can you include in a prenup?
Prenuptial agreements are legal documents that set forth the guidelines for how property and assets are distributed in case of a divorce. Newly married couples should not buy into the myth that to prepare a prenup is to imagine the marriage ending. Prenups are simply...
How debt is divided in a divorce
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...
How to protect your financial assets during a divorce
As you may be learning from experience, the divorce process can be incredibly stressful. Not only can a divorce be emotionally distressing, but it can also have a negative impact on your finances. If you're not careful, you can make mistakes that will impact your...
