Divorce can be emotionally draining, and dividing assets, including an art collection, adds additional complexity. It's important to approach the division of an art collection in New Jersey with care and consideration, as the pieces may hold sentimental value and...
Property Division
Financial mistakes to avoid when splitting assets in a divorce
New Jersey couples facing divorce often have a tough time. The process takes an emotional and financial toll on both spouses. And one of the stickiest situations during a divorce is splitting assets. When you’re divorcing, think carefully about your financial...
Can your ex lay claim to your retirement savings in divorce?
Few assets are more personal or more important to your future than your retirement savings. Your account may represent years of contributions and also possibly employer-matching benefits that increase your cash reserves for after retirement. The closer in age you are...
How a CDFA can help you through divorce
You're faced with divorcing your spouse in New Jersey and hear all sorts of terms, including Certified Divorce Financial Analyst (CDFA). Is this term real, and furthermore, are the services of such a person legitimate and worthy of yet another expense in your divorce?...
Understanding divorce real estate issues
Divorce can seem like a dark and turbulent time when your investments are at risk. Real estate investors in New Jersey need not lose a portfolio they have developed because of divorce. Understanding your rights will help you to retain your real estate holdings after...
How should you handle a divorce when there’s a business?
Divorce is a difficult process for any family in New Jersey. But when you own your own business, it can be even more complicated. You may constantly wonder about how to handle the divorce when it could potentially impact the business. However, you can make things...
Dividing passive and active assets in New Jersey divorce
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...
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...
