New Jersey couples may be interested in some information about what happens to artwork during a divorce. While a piece of artwork is generally seen as just another piece of property by the law, the specifics of how it will be divided can depend on a number of factors.
A recent study found that male doctors who work 40 hours a week or more are less likely to get divorced than others in the health care field. The study analyzed survey responses from 40,000 doctors and 200,000 pharmacists, nurses and others who provide health care services. While 24 percent of doctors said that they had been divorced, the divorce rate was 33 percent for nurses and 25 percent for dentists.
The grounds for annulment in New Jersey are much different than grounds for divorce. Because annulment essentially makes the marriage invalid, a spouse wishing to have their marriage annulled must show that the marriage was either prohibited by law or entered into unlawfully.
Getting divorced is a huge life change, but it doesn't have to be a harrowing one. The laws on separation and divorce are extremely clear; state code covers a host of related issues such as child support, custody arrangements, property division and even the timelines that families need to follow during the formal court process. Unfortunately, the drawback of having so many rules is that they can be extremely confusing to the families that rely on them most. At Cipriano Law Offices, P.C., we work hard to help identify which laws apply to a unique case and make a better choice about how to proceed.
New Jersey allows someone to file for divorce within certain periods dependent upon the reasons listed for ending the marriage. In cases of adultery, the court does not require a waiting period. When a spouse charges extreme cruelty, the person can file after three months. In cases of desertion, the abandoned spouse must wait a year. The courts also permit "no-fault" divorce and allow for the filing of divorce after 18 months of the couple living separately.
Residents of New Jersey who are seeking a divorce must often find a balance between strong emotions and practical concerns about their finances. Where a couple has diversified assets, the process generally requires even more attention to asset taxation, immediate cash flow and jointly-held debts. A failure to attend closely to the implications of various property distribution proposals could place a party at a severe disadvantage in the future.
New Jersey residents who are contemplating a divorce or already embarked upon the process will need an accurate accounting of their financial affairs in order to divide the marital property fairly. The services of a forensic accountant could be helpful in such an endeavor.
Individuals in New Jersey who are considering filing for divorce may have questions about asset division and might benefit from a discussion in a recent article. The piece, written by a financial advisor, involved a couple that was planning on divorcing amicably, and one of the parties involved wanted to learn the basics of the property distribution. The financial advisor focused on certain key issues that might be overlooked in some cases, including certain tax issues.