In New Jersey, all marital assets are subject to equitable distribution upon divorce. This includes income from your active job or businesses or money made passively, like stocks, digital assets, etc. Here’s what to expect during your separation if you have such...
Property Division
Don’t assume you can take over a mortgage after divorce
What happens to a marital home is one of many questions that will need to be answered as part of the property division process. In some cases, it may be in your best interest to assume the loan on the New Jersey property. However, there are several issues to consider...
Dividing debt during the divorce process
When New Jersey couples are divorcing, they know that they will need to negotiate the division of their assets. They might not immediately focus on the division of debt. However, this can influence each of the spouse’s financial situations after the marriage ends....
How divorce may impact a tax return
New Jersey is an equitable distribution state, which means that marital assets are not necessarily divided in a 50/50 manner in a divorce. Instead, they will be allocated based on a number of factors including your age, ability to work and if you have custody of any...
Bringing up prenups with your fiancé
It’s very common for newly engaged couples in New Jersey to shy away from any discussions about prenuptial agreements. Although around half of marriages end in divorce, no one wants to think that their marriage is going to be on the failing side. Bringing up a...
Make sure not to overlook these assets during divorce
When it comes to the division of assets, some get overlooked or assumptions are simply made by the divorcing couple. They know that they will divide specific marital assets such as the home, real estate and retirement accounts as long as they are marital property. But...
How to broach the prenup conversation with your partner
Are you getting married in New Jersey and considering a prenuptial agreement? Is your partner uneasy about the conversation? You're not alone; it's a common scenario. However, leveraging a few communication tips may help the situation. Prenups are becoming more...
Why engaged couples create prenuptial agreements
Planning for a wedding in New Jersey is fun and exciting. Engaged couples are in love, and they usually don’t want to think about anything going wrong. That’s why a lot of couples don’t even consider a prenuptial agreement, even though these documents can be...
Should you get a prenup for a second marriage in New Jersey?
People who get married a second time later in life tend to worry more about retirement. Prenuptial agreements might be a good idea in New Jersey. Related areas of family law include divorce, custody and domestic violence restraining orders. Why decide on Prenuptial...
What can happen to my pension if I get divorced?
Splitting up property in a New Jersey divorce requires you to account for everything you and your ex own and sorting those assets into marital and nonmarital property. With few exceptions, most things you acquired during your marriage are marital property. Under state...
