Couples in New Jersey understand that divorce means dividing up assets. What people are less clear on is the division of debts like mortgages. Even when a judge assigns responsibility for a mortgage to one party, the lender may still look to both spouses for payment....
Gaining financial clarity during a divorce
The end of a marriage is a difficult reality to accept. However, with a divorce rate still lingering around 50%, couples in New Jersey and elsewhere should realize that divorce is always a possibility whether they just go married or have been married for decades. When...
Equitable property division in New Jersey
Property division is an important part of the divorce process for divorcing couples. It is helpful for divorcing couples to know how property division is determined so they can anticipate a property division settlement agreement and prioritize and protect their...
What does equitable distribution of assets mean?
Throughout a marriage in New Jersey each spouse may earn an income. They also may acquire assets and purchase property and other items both together and individually. Most of this property is considered marital regardless of which spouse actually earned the money or...
Negotiating pet custody during divorce
Many New Jersey couples treat their pets as part of the family, which may lead to complications during a divorce. When a couple decides to split up, it may not be clear who should get custody of the pets. While the letter of the law may view a pet as property in terms...
Dividing the spoils after a divorce
New Jersey is one of the most expensive U.S. states to live in. It comes as no surprise then when couples fight over the assets they have acquired together during a marriage. According to CNBC, millennials are not only marrying later, but showing a greater propensity...
Keeping the house may not be the best choice
If you are considering divorce in New Jersey, you may be preparing for huge changes. Creating a parenting plan and deciding who gets the television, custom bedroom set and investment accounts. Even if the proceedings are generally amicable, it is still a stressful...
The emotional side of property division
Divorce can be especially hard for some couples, including those who have kids and cannot agree on which custody outcome would serve their best interests and those with a high net worth. For some people, the division of marital property is particularly challenging for...
The basics of property division
When New Jersey couples get divorced, they usually need to discuss how they will divide their property. This process can quickly become complicated, so it is important for people to understand basic facts about property division.Most of the time, people can divide...
