Financial infidelity exists when a partner refuses to disclose problematic money situations and behavior that can drag the other partner into a tricky financial position. Finding out about financial infidelity can be difficult, as secrecy and dishonesty can mislead...
Divorce
Negotiating your divorce settlement
On Behalf of Schepisi & McLaughlin, P.A. | Jun 12, 2023 | Divorce
If you are going through a divorce in New Jersey, you must negotiate your divorce settlement with your spouse. Part of the negotiations will include the division of property. You will also need to address alimony, child support and child custody. You should go into...
Common high net worth divorce challenges in New Jersey
On Behalf of Schepisi & McLaughlin, P.A. | May 12, 2023 | Divorce
High net worth translates to high stakes in any legal or financial negotiation in New Jersey. If you are going through a divorce, it is important to understand the differences between a high-asset divorce and a typical divorce. From complex asset divisions to...
Financial issues may lead to divorce later in life
On Behalf of Schepisi & McLaughlin, P.A. | May 11, 2023 | Divorce
One of the leading causes of gray divorce in New Jersey and elsewhere is financial infidelity. A gray divorce is one involving individuals who are over the age of 55. Financial infidelity occurs when one partner attempts to undermine, control or deceive the other...
Mistakes to avoid in gray divorce
On Behalf of Schepisi & McLaughlin, P.A. | Apr 17, 2023 | Divorce
“Gray divorce” refers to people over 50 filing for divorce. According to studies, the divorce rate among Americans over 50 has doubled since 1990. With that in mind, here are some tips for New Jersey residents dealing with gray divorce. Fighting for the house Many...
How are prenuptial and postnuptial agreements different?
On Behalf of Schepisi & McLaughlin, P.A. | Mar 5, 2023 | Divorce
Some New Jersey residents decide it’s best to have a prenuptial or postnuptial agreement drawn up. Both of these documents can protect a married person in the event of a divorce. While they are very similar, they have some differences. Prenuptial agreements explained...
Dealing with an estranged spouse’s overspending
On Behalf of Schepisi & McLaughlin, P.A. | Jan 23, 2023 | Divorce
If you are going through a divorce or are estranged from your spouse in New Jersey, it can be challenging to maintain complete control of your finances. One of the biggest concerns is overspending by your spouse. This can lead to financial stress and even bankruptcy...
When your art collection isn’t marital property
On Behalf of Schepisi & McLaughlin, P.A. | Jan 20, 2023 | Divorce, Property Division
Divorce can be emotionally draining, and dividing assets, including an art collection, adds additional complexity. It's important to approach the division of an art collection in New Jersey with care and consideration, as the pieces may hold sentimental value and...
Financial implications of a marriage in New Jersey
On Behalf of Schepisi & McLaughlin, P.A. | Jan 6, 2023 | Divorce
Money is one of the leading causes of stress in a relationship, and it only becomes more complicated when you get married. Before you take that big step in New Jersey, it's essential to understand both the positive and negative financial implications of marriage. New...
Financial mistakes to avoid when splitting assets in a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Dec 9, 2022 | Divorce, Property Division
New Jersey couples facing divorce often have a tough time. The process takes an emotional and financial toll on both spouses. And one of the stickiest situations during a divorce is splitting assets. When you’re divorcing, think carefully about your financial...
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