When problems loom, well-meaning advice seems to come from all sides. Some of that may come from personal experience; however, much of it may be based on hearsay or personal opinion. When it comes to a divorce in New Jersey, it can be difficult to separate fact from fiction.
It is natural to wish to keep divorce expenses to a minimum. Some people might suggest that one way in which to achieve this is to hire only one attorney, not understanding or realizing that this is not appropriate. An attorney is only able to represent one spouse, not both. Similarly, the idea that one can manage without an attorney is flawed, as there are many different aspects to divorce that can be difficult to negotiate due to terminology and/or complexity.
A no fault divorce does not imply that either spouse can get away with behavior that may have suspicious undertones. Unusually extravagant spending, perhaps relating to an extra-marital affair, may have been used to divert or reduce marital funds. If this seems to be the case, then it can still be taken into account when making an award for spousal support and/or property division. If one spouse signs his or her half of the marital home over to the other, liability for mortgage debt will remain if the mortgage is in joint names and is not refinanced. Pensions may also be subject to a claim from an estranged spouse.
Divorce and its associated issues need not be overwhelming. Keeping a level head and gathering all relevant paperwork will make one’s progress easier and smoother. Whatever the level of a New Jersey resident’s finances, getting the appropriate advice from a reliable source will help one to move forward in a positive direction.
Source: The Huffington Post, “Divorce Alternative Facts: A Half Dozen of the Biggest Whoppers“, Larry Sarezky, Feb. 22, 2017