Are you divorcing a co-parent with mental health issues? Alternatively, you may be the one worrying that your darkest mental health moments could strip you of custody of your beloved child(ren). In either situation, below is some information for those who may soon be...
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Divorce
Does a QDRO split a retirement plan in half?
A retirement plan, like a 401(k) or a pension plan, is a major asset. When couples get divorced, they often have to decide how to divide it. This is especially true with a gray divorce, which typically means the couple is over 50, because they are getting closer to...
Is a business or professional practice vulnerable during divorce?
It may take years of specialized education and personal sacrifices to develop a business. Some people start their own retail shops, while others establish a professional practice after obtaining a graduate degree. A business or professional practice has a major...
Why it’s important to minimize stress during divorce
Divorce can be one of the most stressful experiences that a person can go through. The process involves not only the emotional upheaval of ending a marriage but also the logistical and legal challenges of dividing assets, determining child custody (if applicable) and...
3 ways a forensic accountant can help those preparing to divorce
Lawyers are an important resource for those preparing for divorce. They can educate their clients about the law and advocate for them in both negotiations and in court. However, they are not the only professional that someone may need to consult with when preparing...
Does divorce mean you have to move out of your house?
It is common for people to separate when they decide to file for divorce. Understandably, they don’t necessarily want to live together now that their relationship is ending. But you may find yourself wondering about the logistics. Housing is expensive, and you already...
Why did your spouse’s spending change before divorce?
You tell your spouse that you would like to get a divorce, and they begrudgingly agree. They are unhappy about it, and they may blame you for the divorce. Maybe your relationship already had a lot of conflict, and this is just making it worse. As you start getting...
Should you tell your child’s teacher about a divorce?
If you get divorced during the school year – there is usually a spike in divorce filings in August, after all – then you may wonder if you should tell your child’s new teacher. There is no legal requirement to tell them, of course. But are there any benefits to doing...
How long do you have to respond to divorce in New Jersey?
If your spouse decides to file for divorce, they have to serve you with the divorce papers. This is often known as a divorce petition, and it is called a “Summons and Divorce Complaint” in New Jersey. But no matter what it’s called, this is the paperwork that you’re...
Why should you close joint accounts during divorce?
You and your spouse may have opened up various joint financial accounts when you were married. You could have a shared checking account where you both receive your paychecks, for example, or a shared investment account where you deposit your extra funds to grow wealth...