When judges determine how much alimony one spouse is required to pay the other following their divorce (and possibly before the divorce is final), one of the key considerations is how much money each one earns. Another very important factor – particularly for a payee...
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High Asset Divorce
How your spouse may move money around to hide it
Technically, if you and your spouse are getting divorced, neither of you are supposed to hide assets. You have to disclose them as you go through the property division process. However, people will use many different tactics to attempt to hide money and keep it to...
4 tax implications in a high-asset divorce
Beyond the emotional toll of the divorce process, there are significant financial considerations, particularly when it comes to taxes. Understanding the tax implications of a high-asset divorce is important to ensure a fair and equitable division of assets. 1. Capital...
Who gets the summer home in a high-asset divorce?
When high-net-worth couples decide to part ways, the division of their assets can become a complex process. Among the many assets at stake, the fate of a summer home often becomes a central point of contention. In New Jersey, this picturesque property can take on a...
Safeguarding your privacy during divorce proceedings
Divorce is a challenging process, impacting countless individuals and families each year. According to The American Psychological Association, 40-50% of marriages in the United States end in divorce. Something important to consider is the protection of your privacy...
Strategies for dividing a business during divorce
Divorce can be a challenging process, especially when you own a business. According to a study conducted by the National Center for Family & Marriage Research, approximately 20% of divorces in the United States entail the division of a family-owned business. It is...
How a forensic accountant can help with your high-asset divorce
Divorce can be challenging and complex, especially when you have high-value assets involved. In those cases, a forensic accountant is a great resource for ensuring the accuracy of financial details. This helps ensure fair asset division. There are several ways that...
Planning for a not-so-happy new year
As people ring in the new year, many make resolutions representing a significant change in their lives. Nothing is more life-altering than divorce, which is a common goal for many spouses. Divorce traditionally increases when the year changes, allowing families one...
How may spouses hide assets in cryptocurrency?
Spouses sometimes hide assets during divorce for numerous reasons. Some may not feel like their ex-spouse "deserves" any of their money. Others may have a genuine fear of financial instability in the aftermath of a split. Whatever the case, however, this is an illegal...
Can you keep your business in a divorce?
Whether you sell pizza, provide security services or own a professional practice in your New Jersey neighborhood, your business has value. A divorce could affect the daily operations and determine if you can keep the doors open. According to Cornell Law School,...