New Jersey residents who have weathered divorces know the pain and disappointment associated with letting go of the hopes and dreams of a life together with someone they once loved. That, however, does not mean that they have completely given up on the possibility of having this type of bond or future with someone else. However, the fact remains that with every subsequent marriage the rate or chance of getting divorced increases? Does this mean every remarriage is doomed to fail? What things should people watch for if they want to feel more secure in their chances of success?
The financial ramifications of a divorce on New Jersey residents can be as devastating as the emotional impact. This can be the case no matter which spouse earns more money or if both people earn relatively equal amounts. The need to split assets and debts alone can result in a serious change in financial status and then things like child support or spousal support can only add to the situation.
Have you been married for 20, 30 or even 40 years but all of a sudden may be contemplating a divorce? If so, you are not alone. Many other New Jersey residents have walked this path before you or are doing so now as well. In fact, there is even recent research that shows the immense growth of divorce among people at later stages of life across the nation.
Even the most doting New Jersey parents who want the best for their children can become somewhat distracted during and after a divorce. The need to focus on serious decisions ranging from child custody and support to property division matters and more can take a lot of energy. It can even put parents into an autopilot mode when actually parenting and this can make people more likely to do things that inadvertently upset their children in the process.
Have you or your spouse indicated a desire to get divorced? Perhaps you have jointly come to this decision. Either way, you are not alone. Many other New Jersey couples have walked this path before you while others do so along with you today. However, no two couples are alike and therefore no two divorces are alike. When deciding how best to work through your divorce, you will want to make sure you select the process that is best for you.
If you have begun the process of getting a divorce in New Jersey, you are no doubt quickly learning that divorce will touch every part of your life. What to do with your marital home, when you will be able to spend time with your kids, and what assets you will keep or have to give up are just some of the decisions that may have to be made.
The financial ramifications of a divorce can take some time for newly divorced New Jersey residents to recover from. You might have to manage your finances for the first time because your former spouse once did that or you may need to get back on good financial ground due to the actions of your ex-spouse. Either way, making a good plan is important on the front end to set you up for success.
It is probably safe to say that nobody expects to get divorced when they get married in New Jersey. However, despite that wish and intention, the reality is that many couples will ultimately divorce. But, what exactly makes that the case? Are there factors that may actually signal a higher potential for divorce than others?
The financial worries that often accompany a divorce for New Jersey residents may be many and are not limited to the details of a property division settlement. You may be trying to figure out a new and workable monthly budget for yourself based upon a reduced income and even somewhat greater level of expenses. Perhaps it was financial troubles that contributed to the breakdown of your marriage. A divorce can get you out of the marriage but does not always wipe away the debts that precluded the divorce.
If you are considering a divorce in New Jersey, what will happen to your house? If you are like most couples, your home is your biggest joint asset. Your mortgage may be your biggest liability. How should you handle this in your divorce?