New Jersey Family Law Blog

Many people have considered alimony a negotiation tool during divorce cases for decades. Though a person may have cringed at the thought of having to continue supporting an ex-spouse, the paying individual may still have appreciated the ability to deduct those payments come tax time. However, now that 2019 is underway, that ability no longer exists.

You have likely heard that tax law changes were coming into effect that would affect alimony in New Jersey and across the country. You may not have known exactly how or even if it would affect your divorce outcomes. Gaining information on the changes may help you gain a better idea of what you could face if the court awards alimony in your case.

A wide range of considerations may come into play for those who are going through a divorce, including deciding which approach is appropriate. Many couples opt for divorce mediation and there are a number of reasons why mediation is advantageous. For example, mediation can save time and money for both parties, as we have written about on this blog. However, other factors may need to be reviewed even if you and your partner have already agreed that mediation is best. For example, your social media activity may need to be considered, especially if you and your spouse are trying to work together to end your marriage in a more amicable manner.

First of all, the type of information that you share online can have an impact on your divorce in different ways. Moreover, if you notice that your spouse is sharing certain types of information that you believe should be kept private, or certain details about you that are untrue and harming your reputation, you may need to take further action. In some instances, mediation is not a viable option because a couple cannot come to an agreement.

Couples often have all sorts of options on the table when they split up and no two divorces are the same. For example, a couple who has significant assets and children may approach divorce from a very different perspective than a couple with modest financial resources and no children. Some divorces are very contentious and inevitably lead to bitter disputes in the courtroom. However, divorce does not have to be a difficult and emotionally draining process. Some couples work through their divorce with a mediator and there are a number of advantages to mediation, from a financial and emotional point of view.

First of all, mediation takes a different approach to the divorce process. Mediation is a constructive process which enables couples to work together as opposed to litigation, where couples often find themselves head to head. This can significantly reduce the emotional toll of a divorce and this is very important if you have kids. Moreover, the financial perks of mediation should not be ignored either. Instead of costly courtroom action that can drag on, mediation helps couples save money and time.

As a Jersey City business owner, you’d do anything to protect your enterprise. This includes safeguarding your business from divorce, which is unfortunately a very real possibility for many couples out there. Inc. explains a few of the options available to entrepreneurs to ensure their businesses stay intact when faced with divorce proceedings.

All business owners should have a solid premarital agreement in place before getting married. While it can be difficult to broach the topic with the person you love, it’s essential to have tough conversations about finances well before your nuptials. A premarital agreement will explicitly state who owns what going into a marriage, which prevents your spouse from claiming ownership in your business should you divorce.