As divorce rates continue to slowly climb across the country, all age groups see an uptick in divorces. This includes "grey divorcees": a term coined to refer to divorcing couples aged 50 and up. Despite the popularity and increasing number of grey divorcees, there...
Can you modify your property division order after divorce?
While some states divide marital property equally between partners, New Jersey courts instead follow the principle of equitable distribution. As Legal Services of New Jersey explains, a judge may divide marital property equally, but a judge’s charge is to determine...
What happens to airline miles during a divorce?
Not only are your airline rewards proof of the miles you have logged, but they also likely have significant value to you. If you accumulated your miles during your marriage, though, they are probably part of the marital estate. In New Jersey, divorcing couples...
Uncovering marital assets hidden in anonymous cryptocurrency
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...
How is debt divided during a New Jersey divorce?
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,...
Cashing out your portion of a 401k
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...
Timing in creating a postnuptial agreement
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....
What can you include in a prenup?
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...
Tips for protecting money in a divorce
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 marriages end,...
Myths and misconceptions about prenuptial agreements
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...
