On behalf of Schepisi & McLaughlin, P.A. | Jun 21, 2019 | High Asset Divorce
It is important for individuals in New Jersey and elsewhere to consider the financial ramifications of a divorce settlement. For instance, it may not be smart to keep the marital home as it can be expensive to maintain. Furthermore, property and mortgage interest...
On behalf of Schepisi & McLaughlin, P.A. | May 9, 2019 | High Asset Divorce
Soon-to-be ex-spouses who are getting divorced in New Jersey may need to consider purchasing both life and health insurance. Life insurance could be especially useful if one ex is ordered to pay spousal support to the other. Some couples also include a requirement to...
On behalf of Schepisi & McLaughlin, P.A. | Apr 24, 2019 | High Asset Divorce
As couples in New Jersey go through the divorce process, they have to work out a lot of issues, including who will get the marital home and how custody of the children will be arranged. It can be easy for couples to focus on what needs to be taken care of in the short...
On behalf of Schepisi & McLaughlin, P.A. | Mar 27, 2019 | High Asset Divorce
Dividing a family business can be a challenge for New Jersey couples who are ending their marriage. They will need to have the company appraised and make a decision about whether they want to sell it.Selling it may sound like an easy way to cut financial ties with an...
On behalf of Schepisi & McLaughlin, P.A. | Feb 25, 2019 | High Asset Divorce
Getting a divorce is not something many married business owners in New Jersey want to think about. However, business owners should take the necessary steps to protect company interests in case a divorce does occur. They should consider it just as important as making...
On behalf of Schepisi & McLaughlin, P.A. | Feb 22, 2019 | High Asset Divorce
When involved in a divorce and either you or your partner has a high income or considerable assets, you may face complications that other couples typically will not. When your financial situation is especially complex, you probably want to do everything in your power...
On behalf of Schepisi & McLaughlin, P.A. | Jan 16, 2019 | High Asset Divorce
New Jersey residents may have heard that Amazon founder Jeff Bezos and his wife MacKenzie Bezos are divorcing. What wasn’t heard after the announcement was any name calling or blaming. This is because the couple jointly broke the news and are making an effort to...
On behalf of Schepisi & McLaughlin, P.A. | Dec 31, 2018 | High Asset Divorce
When people in New Jersey decide to divorce, they may be concerned about the future of their retirement accounts. Many couples have saved a significant amount in their 401(k)s, IRAs and similar plans to the extent that these are often the largest assets held by a...
On behalf of Schepisi & McLaughlin, P.A. | Nov 7, 2018 | High Asset Divorce
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...
On behalf of Schepisi & McLaughlin, P.A. | Aug 28, 2018 | High Asset Divorce
People in New Jersey who are planning to divorce may be concerned about the tax implications of ending a marriage. The Tax Cuts and Jobs Act passed Congress and was signed into law in December 2017, but one of its most wide-ranging effects on divorce will go into...
