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...
Property Division
How is debt divided during a New Jersey divorce?
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,...
Dividing collections during a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jan 31, 2020 | Divorce, Property Division
Starting a collection is often a fun way to build expertise in a specific area. Depending on what you choose to collect, your collection may also be a wise investment. Of course, if you are anticipating a divorce, you may wonder what happens to the collectible items...
Cashing out your portion of a 401k
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...
Selling the family business is only one option in a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Nov 6, 2018 | Divorce, High Asset Divorce, Property Division
If you are facing divorce, you may have significant assets to divide with your soon-to-be ex-spouse. If your family business is one of those assets, its fate may be the most important consideration when you reach the property division stage of the divorce proceedings....
Myths and misconceptions about prenuptial agreements
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...
Valuing a business during a divorce
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,...
Dividing IRAs during divorce requires special attention
On Behalf of Schepisi & McLaughlin, P.A. | Dec 7, 2017 | Property Division
People in New Jersey facing the end of their marriages are already dealing with the emotional and psychological fallout of divorce. Of course, another aspect of divorce is also the financial aspect: dividing assets and debts and dealing with the distribution of...
What happens to the marital home after a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Feb 3, 2017 | Property Division
When New Jersey couples are going through a divorce, one of the most important subjects that might have to be discussed in property division negotiations is the marital home. They will have to reach an agreement about who will get to keep the home or whether they will...
Making decisions about a mortgage during a divorce
On Behalf of Schepisi & McLaughlin, P.A. | Jul 8, 2016 | Property Division
While divorce is often the best option for many couples, the process of dissolving a marriage can still be difficult. One of the biggest challenges those in New Jersey and other states face when divorcing is how to handle the house and a mortgage. This applies when a...
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