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...
Divorce
What may I do to keep my New Jersey home during a divorce?
On Behalf of Schepisi & McLaughlin, P.A. | Sep 22, 2020 | Divorce, High Asset Divorce, Property Division
Under New Jersey's divorce laws, property acquired during your marriage divides fairly between you and your spouse. If you wish to keep your primary residence, several factors may require discussion and negotiation. In certain cases, one spouse needs to continue...
Why should you discuss a prenup ASAP?
On Behalf of Schepisi & McLaughlin, P.A. | Aug 29, 2020 | Divorce
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...
Many gray divorces are leading to financial hardship
On Behalf of Schepisi & McLaughlin, P.A. | Jun 26, 2020 | Divorce
Marriage is a decision that shapes the rest of your life. Your wedding may lead to children, a career change, a new perspective, and will most definitely include bliss and adversity. For some, the difference is monumental in good ways and bad. While many couples...
The benefits of prenuptial agreements
On Behalf of Schepisi & McLaughlin, P.A. | Jun 22, 2020 | Divorce
Proposing marriage is a romantic time, but many believe that the best way to kill that romance is with a prenuptial agreement. However, while talking legalese directly after the proposal may seem unromantic, the reality is that a solid prenuptial agreement may help...
Experts recommend using mediation for divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jun 18, 2020 | Divorce, High Asset Divorce
Mediation is a legal alternative to traditional courtroom litigation reserved primarily for civil cases. Over the past two decades, the use of mediation is on the rise, particularly in divorce cases. Couples use mediation for their divorce because of its many...
Will my bank account be nonmarital property in my divorce?
On Behalf of Schepisi & McLaughlin, P.A. | May 19, 2020 | 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?
On Behalf of Schepisi & McLaughlin, P.A. | Apr 17, 2020 | Divorce
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...
Dividing collections during a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jan 31, 2020 | Divorce, Property Division
Starting a collection is often a fun way to build expertise in a specific area. Depending on what you choose to collect, your collection may also be a wise investment. Of course, if you are anticipating a divorce, you may wonder what happens to the collectible items...
Lower paying job does not mean lower alimony payments
On Behalf of Schepisi & McLaughlin, P.A. | Jan 4, 2020 | Divorce
You are paying alimony as part of your divorce settlement. Your job changes. You make less money. So you pay less alimony, right? Not always. In New Jersey, alimony is subject to review. But a change in your finances does not guarantee the court will lower your...
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