The end of a relationship brings a great deal of change. Whereas in the past, parties have been working together to shore up their assets, pay down their debts, and plan for the future, a divorce means that they will need to move forward into a “new normal” that will include working alone for the…
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Interspousal Gifts
Giving gifts and surprises to our family can be a lot of fun both for the giver and the family member receiving the gift. These gifts can range from a small token up to a lavish gift such as a new car. When a relationship falls apart, one of the issues in almost every divorce…
Read More »What Does Equitable Distribution Mean?
There are many working parts to a divorce. No doubt, you and your family attorney have discussed the different elements of your divorce, which may include a variety of issues ranging from child support to spousal maintenance. One issue that is likely at the center of your divorce is property division. New Jersey is what…
Read More »Equitable Distribution Basics
Every divorce is different, just like every family is different. However, one issue that comes up in almost every divorce is division of property and debt. New Jersey is what is called an “equitable distribution state.” This means that during a divorce, a court will make an equitable distribution of marital assets and marital debts. …
Read More »Family Businesses and Divorce
Small businesses help form the economic backbone of this country. Each year, millions of Americans start their own small business, and there are many more that have been in business for years, decades, or even longer. When you get married, you and your spouse are likely prepared to join forces and build your financial future…
Read More »Who Keeps the Engagement Ring?
Getting engaged is a very thrilling time. Two people agreeing to build their life together and face life’s challenges as a team is an exciting prospect. Planning the wedding and planning for all the years to come is an important time in the couple’s life. Traditionally, the engagement is started when one person presents another…
Read More »Do I Have to Divide My Retirement?
Planning for the future requires attention to many separate components. You will need to focus on the “big picture” of your overall goals, as well as having a narrower focus on the steps you need to take to achieve those goals. For most people, achieving these goals includes taking a close look at finances and…
Read More »Financial Mistakes in Divorce
Divorce is a watershed moment, where all events in your life are often thought of as what came before and what came after. The divorce will mean making some very important and sometimes challenging decisions, including what is best for your children, whether to switch careers, or where to live, just to name a few.…
Read More »Equitable Division and Offsets
Getting a divorce is one of the most difficult decisions you will likely ever face. Even after you have decided to move forward with the divorce or have been served with papers from your spouse, many important decisions still remain. Property division will be an issue in almost every divorce. You and your spouse have…
Read More »Do You Get to Keep Your Inheritance in a Divorce?
Under New Jersey law, inherited assets are exempt from equitable distribution and remain the separate property of the spouse that inherited the property. This means that they cannot be distributed to the other spouse in the event of a divorce. However, there are exceptions to this general rule. If you have a particular question about…
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