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How is a Business Divided During Divorce?

According to the U.S. Small Business Administration, there are over 820,000 small businesses located in New Jersey. Small business owners work tirelessly to keep their companies afloat. But sadly, a divorce can threaten a small business’s survival. Here’s what you need to know about dividing a business during divorce: Marital Assets vs. Separate Property Marital…

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Is Divorce Mediation Right For You?

Many couples choose divorce mediation instead of taking their case to court. During this process, the couple meets with a neutral mediator who encourages both parties to discuss their issues and work together to reach a mutually beneficial agreement. It is much faster and cheaper to finalize the details of your divorce in mediation, but…

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The Importance of Visitations Between Out-of-Home Children and Parents

The Department of Child Protection and Permanency (DCPP) does not always remove children from their homes if their parents are under investigation, but it is does happen sometimes. Parents who have their children taken from them may feel like they will never see them again, but that’s not the case. Fortunately, the DCPP recognizes the…

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How to Create An Ironclad Prenuptial Agreement

A prenuptial agreement outlines how a couple will handle the division of property, child custody, child support, and spousal support in the event of a divorce. Because these decisions are made in advance, prenuptial agreements can simplify the divorce proceedings. But, if the prenuptial agreement is not well written or thorough, it could be contested…

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Enforcing Child Support Orders in Another State

According to the U.S. Census Bureau, over $13.5 billion of child support owed to custodial parents was not paid in 2015. Some non-custodial parents go to great lengths to avoid making child support payments, including moving to another state. Although a non-custodial parent may leave the state, his obligation to comply with the child support…

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Can Missing Child Support Payments Affect Your Credit?

Many children are raised by single mothers or fathers. Child support is an important—and sometimes, main—source of income for these families. But sadly, some custodial parents and their children never receive the child support they are owed. In 2015, the U.S. Census Bureau reported that approximately 40% of the child support owed to parents throughout…

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How the New Tax Law Affects Alimony

Last year, the Tax Cuts and Jobs Act (TCJA) was passed by federal lawmakers. This legislation has introduced a number of new changes to the existing tax code, and several of them will affect couples that are getting divorced. Here’s how the new tax law affects alimony payments: Alimony Payments and Taxes Before the new…

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