New Jersey residents who are getting divorced will discover that dividing assets can be a complex and lengthy process. This is particularly true if one or both partners own a business. To ensure a fair division, both parties have to be aware of exactly what the...
High Asset Divorce
What a spouse’s unusual financial moves might mean
On Behalf of Schepisi & McLaughlin, P.A. | Oct 12, 2017 | High Asset Divorce
Some New Jersey residents may be alerted to the possibility that their spouse is planning to file for divorce by that person's financial actions. For example, one man's wife suddenly decided to put a significant amount of money into a certificate of deposit that only...
Financial mistakes to avoid during a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Oct 5, 2017 | Divorce, High Asset Divorce
States in the Northeastern United States, including New Jersey, have some of the lowest divorce rates in the country, according to the U.S. Census Bureau. That statistic can be partly attributed to the fact that people tend to marry later in life in New...
Aisha Tyler’s amicable divorce settlement
On Behalf of Schepisi & McLaughlin, P.A. | May 25, 2017 | High Asset Divorce
New Jersey residents who are ending their marriage and have a lot of marital assets to divide might look to the case of Aisha Tyler's divorce settlement as a way to reach an agreement with an ex-spouse without court coercion. The television and movie personality...
A quick guide to high-asset divorce
On Behalf of Schepisi & McLaughlin, P.A. | Mar 6, 2017 | High Asset Divorce
If you are anticipating a divorce in West Virginia, understanding how property division works helps you avoid surprises and confusion. All marital property, including valuable assets, are subject to equitable distribution. Learn some tips regarding asset distribution...
What to do with a family business in divorce
On Behalf of Schepisi & McLaughlin, P.A. | Feb 16, 2017 | High Asset Divorce
New Jersey couples who are ending their marriage and who own a family business may be concerned about how they will protect that business or divide it during a divorce. Having one person buy the other out involves needing to get the business valued, and this can be...
Identifying all marital financial assets during a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jan 6, 2017 | High Asset Divorce
When New Jersey couples decide that it is time to get a divorce, they often focus on the large assets first when it comes to property division negotiations. These assets usually include the family home, any other real estate they may own, cars and expensive furniture....
How divorce affects high net worth
On Behalf of Schepisi & McLaughlin, P.A. | Nov 11, 2016 | High Asset Divorce
When a New Jersey marriage comes to an end, the parties are often concerned about their future financial situations when they become single. In many cases, one of the spouses has forsaken a career to stay at home and take care of raising the children and other...
What happens to college funds in divorce
On Behalf of Schepisi & McLaughlin, P.A. | Sep 14, 2016 | High Asset Divorce
New Jersey parents who have set up college funds for their children might be concerned about preserving those funds for their children after the divorce. The beneficiary on a custodial account cannot be changed, but if the account is a regular 529 or a Coverdell ESA,...
How to determine business value in a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Aug 30, 2016 | High Asset Divorce
New Jersey couples who are ending their marriages may have a great deal of property to divide, including a business that is owned by one or both parties. The first step in dividing a business is to find out how much it is worth. This can be done by getting either a...
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