Cipriano Law Offices, P.C.
Call toll free

Child support could be financial concern for New Jersey residents

Many New Jersey residents will likely face financial concerns at some point in their lives. There are various situations that could lead to individuals needing to make important decisions regarding their finances, and divorce is one of those situations. Concerns over child support, property division and other agreements are understandable. By focusing on the future and understanding how present decisions can impact the future, parties may be better able to come to beneficial terms.

If one parent gains primary custody of his or her children, it is likely that that individual will wish to maintain ownership of the home. However, it is important for these individuals to understand that the ownership of a family home can come with its own financial burdens. Making house payments on a single income, even with additional support from a non-custodial parent, may prove to be overwhelming when added to providing for the needs of children.

As mentioned, even with child support, parties may have difficult times financially. Nonetheless, it is important that parties receive the support to which they are entitled. Therefore, parties may wish to discuss options that could help ensure that payments will be made, such as taking out insurance policies for certain situations.

Parenthood is an experience that many New Jersey residents enjoy, but they may also understand that being a newly single parent can be difficult both emotionally and financially. By addressing child support payments and ways to ensure that those payments are made, custodial parents may have less to worry about in the future. Information on options for support agreements and other divorce proceedings may help concerned parties move forward more confidently.

Source: unionleader.com, "Money Sense: Financial mistakes to avoid during a divorce settlement", Marc A. Hebert, May 2, 2015

No Comments

Leave a comment
Comment Information

Honored as a "Best of New Jersey Among our Most Distinguished Americans of Italian Descent" and conferred the "Stivale D'Italia Award of Excellence" by the Italian Tribune for her "honesty, integrity and dedication to fair and ethical business practices" and her "outstanding reputation as a Woman Whose Word is Her Bond".

*See methodology for inclusion at the websites listed: Super Lawyers, NAFLA, AIOFLA, and AVVO. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.

Contact Cipriano Law Offices, P.C.

To learn more about our Essex County divorce and family lawyers, you may email us or call 800-646-0731 to schedule an initial consultation.

Cipriano Law Offices, P.C.
175 Fairfield Avenue
Suite 4C/D
West Caldwell, NJ 07006

Toll Free: 800-646-0731
Toll Free: 800-646-0731
Phone: 973-852-3346
Fax: 973-403-8610
Map & Directions

Make a payment

Schedule A Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Schedule a Consultation