The structure of the family unit has changed substantially over the past few decades. It was once the standard for the wife to stay home with the children and keep house. In 1950, there were just eighteen million in the American workforce. By 2000, that number had grown to sixty-six million. Projections indicate that in…
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Alternatives to Paying Alimony After the New Tax Law Takes Effect
The new administration has ushered in a large number of changes. One of the most comprehensive is the Tax Cuts and Jobs Act. The new tax law modified many areas of the tax code. One change that can have a significant impact on many divorces is the change to tax deductions regarding alimony. Under the…
Read More »Why Is January "Divorce Month?"
It is no secret that many businesses have busy seasons. Accountants have tax season, car salesman have spring, and retailers have the holidays. What many do not realize, however, is that family law also tends to have a busy season. January is generally known as “divorce month” as a result of the sudden influx of…
Read More »Pros and Cons of Prenuptial Agreements
The beginning of a marriage is a time full of hope and excitement. When a couple is just starting their life together, the last thing they want to consider is divorce. However, in some circumstances it may be important for the parties to consider that exact scenario. A prenuptial agreement is a contract that allows…
Read More »Avoid These Mistakes When Dividing 401(k) Assets During Divorce
We all work hard to prepare for retirement. During a marriage, we spend years and sometimes even decades planning for our future and saving for retirement. If you and your spouse are divorcing, you will have to make new plans for the future and readjust your view to envision your retirement without the financial assets…
Read More »Why You Should Know the Liquidity of Marital Assets During Divorce
It is common knowledge that during a divorce, the parties will have to divide up the assets and debts that they acquired during the marriage. Especially where the parties have been married for a substantial length of time, this can be a complicated and difficult task. More likely than not, the parties will have many…
Read More »I'm Marrying Someone with Debt. How Can I Protect My Finances?
Marriage allows two people to join together and build their lives together. Spouses will provide each other with support, both emotional and financial, throughout their lives, working toward mutual goals, such as a stable retirement plan. Before the marriage begins, however, there are many important considerations, ranging from educational choices for your children to where…
Read More »How to Initiate a Divorce in New Jersey
Divorce is a watershed moment for most people. The events of their adult lives can often be measured in what came “before” and what came “after” the divorce. It can be stressful trying to make the decision whether or not to actually seek a divorce, but once you have made up your mind to move…
Read More »What is the New Jersey Parent Education Program?
Any parent simply wants what is best for his or her children. Making sure that children are stable and secure are key components of ensuring that children thrive and grow. While a divorce signals the beginning of a new chapter for parents and children alike, the upheaval can be a difficult transition for the children. …
Read More »Pros and Cons of Collaborative Divorce
The vast majority of cases are settled before they ever reach trial. Family law is no exception to this. More often than not, the parties to a divorce will come to an agreement on some or all of the issues in their divorce, and thereby avoid having to go through the stress and expense of…
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