Retirement was something you always thought that you and your spouse would do together. This was good, because your spouse had a high-paying corporate job and a 401(k) plan. If your employer doesn’t offer a retirement plan, you may not have any retirement savings....
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Divorce
What happens to a country club membership in a divorce?
High-asset New Jersey divorces can be complex to hash out. The more assets that were acquired during the marriage, the more that must be divided when couples file for divorce. Below is some important information for those interested in retaining one potentially...
Recognizing signs of marital abandonment
When one spouse suddenly leaves a marriage without explanation or support, the emotional fallout can be overwhelming. This is often referred to as marital abandonment, and it leaves the other spouse to carry both the emotional and practical burdens alone. Unlike a...
Income imputation and support payments: What you should know
When judges determine how much alimony (sometimes known as “maintenance”) and/or child support a divorcing spouse must pay the other, an important consideration is each person’s income. Another factor is their “earning ability.” For example, for child support, the law...
What counts as income for marital property division?
When going through a divorce, it’s necessary to divide marital property. This often means any income that was earned by the couple during the marriage. Even if both people are independently employed, their income may jointly qualify as a marital asset, so it has to be...
Why does your commute impact divorce odds?
How long is your daily commute? Many people spend hours on the road every day, or at least every week. This is especially true if you work in the city but live in the suburbs, meaning that your job is likely too far away to walk or bike, so you always have to use a...
Why is your spouse giving away assets before divorce?
You go to your spouse and tell them that you would like to get a divorce. Maybe you serve them the divorce petition to get the process officially underway. After this, it’s going to take months before you actually get to court and divide marital property. Over that...
Is a non-disparagement agreement a good idea during divorce?
Even an amicable divorce can sometimes bring out the worst in people. Every divorce has its ups and downs. It’s not uncommon to have moments of despair or even rage at the other party. Unfortunately, these days, those moments can end up on social media and – depending...
How discernment counseling can lead to more amicable divorce
Many divorcing couples have spent some time together in “marriage counseling” or “couples therapy” to try to find a way to resolve their issues and ultimately repair their marriage. Typically, the goal of this kind of counseling, whether a couple is considering...
3 common locations where spouses hide assets during divorce
When couples divorce, they have an obligation to share their property and divide responsibility for financial obligations. While there is an expectation that people should act in good faith and provide honest disclosures, the reality is that many people have intense...