The division of debt during a divorce often becomes one of the most acrimonious disagreements couples face. Divorcing spouses may particularly fear being forced to pay credit card debt accrued by the other spouse. The law in New Jersey may hold you responsible for...
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Property Division
Dividing assets and liabilities in divorce
The decision to divorce inevitably brings a host of challenges and difficult emotions, but it is crucial for estranged New Jersey couples to take deliberate steps to ensure their individual financial security going forward. By heeding some key advice about how to...
How is marital property divided in New Jersey?
Marital property in New Jersey refers to any property that’s acquired by the couple during the marriage. It can be exciting to purchase homes and cars with your spouse when you first get married, but it can be hard to decide what happens with that property in a...
Avoid these property division mistakes in divorce
If you've decided to get a divorce, you know that you'll have to make major decisions for yourself and your children. For instance, you'll need to decide if you're going to move to another home and take a detailed look at your debts to determine what you owe. In New...
Home sales after a divorce
A divorce comes with financial considerations, and spouses may seek compensation through alimony and the division of assets. Splitting the amount in a brokerage account might not require much effort, but selling a home in New Jersey requires completing several steps....
What to do with your dog during a divorce
Divorce can bring many problems and be a difficult time in anyone's life because it involves splitting a wide variety of assets and possessions. One of those may be a family pet. Divorcing dog owners have to decide on care and custody arrangements when they split up....
How student loans are divided in a divorce
One of the most common sources of debt for people in New Jersey, and elsewhere around the country, is student loans. If you’re going through a divorce, you and your spouse both may have student loan debt. During the property division process, you will have to decide...
What financial steps and considerations may benefit divorcing spouses?
Divorce in New Jersey involves dividing assets between the two spouses. The process could prove costly when one or both spouses make mistakes with their finances. Protecting and preserving assets could become a top priority for someone who worked hard to build up...
Are divorce decrees final?
When a couple decides to end their marriage, they are issued a divorce decree by the court. The decree is a legal document confirming the divorce and can be used as evidence when the former couple has to divide property or assets. If you live in New Jersey and are...
Property division and mortgage in divorce
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....
