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....
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Property Division
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....
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...