On behalf of Schepisi & McLaughlin, P.A. | May 1, 2020 | Property Division
Before divorcing couples in New Jersey can be sure that they are dividing marital property fairly and equitably, they must first know that the list of assets is complete. Hiding assets before and during a divorce proceeding is not a new phenomenon, but modern...
On behalf of Schepisi & McLaughlin, P.A. | Feb 21, 2020 | Property Division
If you are heading for a divorce, your concerns may largely fall to how your property will get divided. However, you should also consider your shared debts and how the court may see fit to split them between you and your soon-to-be-ex. Just like your shared assets,...
On behalf of Schepisi & McLaughlin, P.A. | Jan 4, 2020 | Property Division
As you enter into your divorce proceedings in Englewood Cliffs, you may find yourself in need of a quick infusion of cash. This is especially true if domestic responsibilities kept you from being the primary income earner in your marital home. Many come to us here at...
On behalf of Schepisi & McLaughlin, P.A. | Oct 24, 2019 | Property Division
Some New Jersey couples are unable to compose a prenuptial agreement in time for the wedding, or they might believe they do not need one. However, for a variety of reasons, married couples without prenuptials may decide to go ahead and create a postnuptial agreement....
On behalf of Schepisi & McLaughlin, P.A. | Sep 19, 2019 | Divorce, Property Division
Prenuptial agreements are legal documents that set forth the guidelines for how property and assets are distributed in case of a divorce. Newly married couples should not buy into the myth that to prepare a prenup is to imagine the marriage ending. Prenups are simply...
On behalf of Schepisi & McLaughlin, P.A. | Jul 1, 2019 | Property Division
While New Jersey is an equitable property state, this does not mean that all seemingly “personal” property will be safe from division in a divorce. Some spouses think that maintaining their own separate accounts provides financial protection if their...
On behalf of Schepisi & McLaughlin, P.A. | Oct 24, 2018 | Property Division
Prenuptial agreements can make divorce less stressful and more efficient, but there are a number of misconceptions about prenups that make New Jersey couples less likely to have them. People often believe that prenups are only useful where one or both spouses are...
On behalf of Schepisi & McLaughlin, P.A. | Jul 17, 2018 | Property Division
Individual retirement accounts have long been an important asset and bargaining chip for divorcing spouses in New Jersey and around the country, but there are no regulations, official rulings or Internal Revenue Service guidelines dealing with how inherited IRAs...
On behalf of Schepisi & McLaughlin, P.A. | Mar 12, 2018 | Property Division
Couples in New Jersey who are getting a divorce can end up with unpleasant surprises if they divide their retirement assets in the wrong way. To avoid high penalties, unexpected tax bills and an ex-spouse receiving a higher share than intended, it is important that...
On behalf of Schepisi & McLaughlin, P.A. | Jan 18, 2018 | Property Division
Property division negotiations sometimes become contentious when New Jersey couples file for divorce, and this can be especially true when a family business is one of the assets being discussed. Such commercial ventures are often run by one of the spouses involved,...
