You may think your property issues ended when the court entered your final divorce judgment. Finding a hidden account, business interest or other asset later could make you doubt the settlement you reached. You might also learn that your former spouse left out key...
Property Division
5 debts that can complicate your divorce settlement in New Jersey
When you start thinking about divorce, the house, savings accounts and retirement funds usually take center stage. Debt rarely gets the same attention, and that gap can be costly. New Jersey is an equitable distribution state, meaning courts divide marital assets and...
Preserving retirement funds when dividing property during divorce
Spouses who have worked diligently and made intelligent financial decisions may have an extensive marital estate. They may own real property and vehicles. They may also have well-funded retirement accounts intended to support them during their golden years. People...
Are 401(k) penalties unavoidable when professionals divorce?
Many professionals establish 401(k) accounts when starting new positions. Especially when their employers make matching contributions, setting funds aside for retirement while working may be a smart decision. Contributions to 401(k) accounts diminish a working...
Is a business marital property when an owner divorces?
A successful small business or professional practice may represent years of investment. A company can also be the main source of revenue for the person who started the company. When business owners and successful professionals start considering divorce, they naturally...
4 factors considered during equitable distribution in New Jersey
Property division is one of the most important parts of any divorce. In New Jersey, this process is called equitable distribution. It does not always mean assets are divided equally. Instead, the court focuses on what is fair based on several factors. Equitable...
How are intellectual property rights divided in NJ divorces?
The rise of New Jersey tech startups and creative industries has brought intellectual property rights to the forefront of many divorce cases. These valuable assets, from software innovations to artistic works, need careful review during property division. What...
Understanding personal and enterprise goodwill in asset division
When a professional practice is involved in a divorce, one complicated aspect of dividing this asset is "goodwill." In New Jersey, where courts aim for equitable distribution of marital assets, this can be particularly challenging. Goodwill refers to the value of a...
How equitable distribution system impacts a New Jersey divorce
Unlike some states that split everything equally, New Jersey uses an equitable distribution system. This system doesn't always lead to an even 50/50 division. Instead, the court divides property based on what it considers fair and reasonable, taking into account...
How lifestyle analysis works in high-asset divorces
Property division unravels every aspect of a divorcing couple’s financial situation. However, some cases are more contentious than others. When there are complex considerations – multiple income streams, businesses or investments, one party significantly wealthier...
