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...
High Asset Divorce
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...
Expert says Johnny Depp may pay millions for divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jun 9, 2016 | High Asset Divorce
New Jersey residents have probably seen headlines about the divorce of Johnny Depp and Amber Heard. After 15 months of marriage, Heard filed for divorce from Depp on May 23. Shortly afterward, Heard petitioned for a temporary restraining order that she was granted....
Why is a prenuptial agreement necessary? Here are three reasons
On Behalf of Schepisi & McLaughlin, P.A. | Dec 1, 2015 | High Asset Divorce
If you are in the process of getting married, you are probably busy with the wedding, reception and even the catering. Unfortunately, because of the staggering number of decisions and the euphoria surrounding the wedding, you may be like many couples and avoid...
Dividing retirement accounts in divorce
On Behalf of Schepisi & McLaughlin, P.A. | Nov 19, 2015 | High Asset Divorce
Divorcing people in New Jersey need to understand that the portion of their retirement accounts accumulated during their marriage is subject to division. Under the law, amounts that accrued during the marriage are considered to be marital property. Each different type...
Talk to a lawyer if you’re concerned about high-asset divisions
On Behalf of Schepisi & McLaughlin, P.A. | Jun 15, 2015 | High Asset Divorce
There is a common misconception across the nation -- including here in New Jersey -- that if you are a couple with a considerable amount of assets that you also have a prenuptial agreement. Unfortunately, as some here in Englewood know, this isn't always the case. In...
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