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Recent Posts in Divorce Category

  • Benefits of Mediation

    Many people find themselves in the unfortunately position of wanting to end their marriage, and often feel as though traditional divorce proceedings are the only answer. However, this isn’t the case at all--if you are in an amicable position with your spouse, mediation may serve as the perfect alternative to avoiding an expensive, lengthy, and combative process. Mediation involves you, your ...
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  • Divorce & Social Media

    In today’s day and age, it is difficult to avoid social media as it is such an intrinsic part of our daily life. Updating various accounts with our thoughts, pictures, and opinions has become second-nature for many of us. However, did you know that social media use can play an adverse role in your divorce process? Now more than ever, social media is being used as evidence in divorce proceedings. ...
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  • What should I do before getting remarried?

    Getting married is a major life event and change at any age or under any circumstances but New Jersey residents who get married after having previously been divorced face a unique set of concerns. If you are considering getting married for the second or third time, you should take the opportunity to carefully review your current and future financial plans with your to-be new spouse. As Forbes ...
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  • If I live with a new partner, will I lose my alimony?

    Are you a divorced spouse in New Jersey who receives spousal support payments from your ex-husband or ex-wife? If so, you will want to fully understand the ramifications of any future actions you take on your spousal support income. Specifically, if you choose to live with a new partner, you may end up seeing the amount of money you receive in alimony be reduced. It could even be eliminated ...
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  • Court considers cohabitation period for divorce settlement

    New Jersey residents who get married and then divorced commonly think about having to divide assets based upon what is considered marital property. For most couples, this includes assets obtained during the marriage. It may also include assets brought to the marriage that eventually became comingled. However, the wedding date commonly starts the clock, as it were, as to when marital assets are ...
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  • Making decisions about college payments during a divorce

    When getting divorced in New Jersey, spouses may have many future topics that they need to consider when coming to resolutions about their divorce settlements. The tax implications of receiving certain assets or the effect on retirement are two such examples. For people with children, how to pay for future college tuition and expenses may also come into play during a divorce regardless of what the ...
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  • Can social media hurt my marriage?

    If you are like most American adults today, you have at least one active social media account. Checking a Facebook, Instagram or LinkedIn feed each day has come to be almost as commonplace as having that morning cup of coffee for a lot of people. Why do we do this? Social media, as the name implies, gives you an easy way to stay connected with others. You don't always have to schedue time to see ...
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  • Short sales and divorce

    New Jersey couples who are getting divorced and deciding what to do with their marital homes have a few different options available to them. In many cases, one spouse wants to remain living in the home, often to provide ongoing stability for children. In this case, that spouse may need to buy the other spouse out or cede other assets that essentially do that. If that is not possible for whatever ...
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  • Divorced Social Security benefits

    There are many things about getting or being divorced that are not always commonly known or understood by New Jersey spouses. Lack of thorough knowledge in these areas may even have negative consequences. One such consequence could be the loss of financial benefits. An example is seen in Social Security. AARP explains that it may be possible for a divorced person to claim benefits based upon their ...
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  • How does a divorce affect your friends?

    Have you and your spouse considered ending your marriage in New Jersey? Maybe you have had thoughts of divorce but have yet to talk to your spouse about them. Or, perhaps you are in the midst of a divorce. No matter where you are on the spectrum of the potential end of your married life, you are likely to have a myriad of questions about how this type of change will impact your life. Make no bones ...
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  • Common problems with remarriages

    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 ...
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  • What financial changes might indicate an impending divorce?

    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. ...
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  • The reality of gray divorce in America

    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. Research that was conducted by ...
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  • Helping Kids During a Divorce

    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 ...
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  • Can a collaborative divorce help me?

    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 ...
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  • Updating estate plans after a divorce

    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. Coming to an agreement on a final divorce decree can be ...
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  • How can you recover financially from a divorce?

    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. Time ...
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  • Research suggests divorce risks

    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? Those are some of the questions that an analytics person looked into. ...
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  • How can a divorce affect my credit score?

    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 ...
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  • How to handle your mortgage in a 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? Bankrate recommends that you sell the house. This the cleanest way to avoid future financial issues between yourself and your spouse and it can give you a better ...
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  • Family business and divorce

    Many New Jersey couples own businesses together. These may include technology startups, work-from-home operations, healthcare-related practices and more. U.S. Census Bureau data reported in 2015 by CBS News indicated that roughly 3.7 million companies were jointly owned by husbands and wives. But, what happens to these businesses when the spouses get divorced? Was this accounted for when the ...
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  • Divorce and bankruptcy

    New Jersey residents who are headed toward divorce and who are also experiencing serious financial challenges may need to evaluate the potential of also filing bankruptcy. Faced with this prospect, it can be difficult to know if the bankruptcy should come before the divorce or if the divorce should be completed first. As Divorce Money Matters explains, there is no standard answer to this question ...
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  • Same-sex divorce rate lower than heterosexual divorce rate

    If you are in a same-sex relationship in New Jersey, you may wonder about the potential that you may get a divorce if you are married or may get married in the future. Is your chance of getting divorced any different than that of a heterosexual person? This is among the questions that The Williams Institute at the University of California Los Angeles law school investigated. A report collected ...
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  • Divorce, stress and health

    Ask any New Jersey resident who has lived through a divorce and most will agree—the experience is extremely stressful. Even an amicable divorce can be difficult as every part of a person’s life is uprooted and changed. Uncertainty about the future includes everything from how much money there will be to live on each month to when and where children will be with each parent. Prevention explains ...
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  • Understanding post-divorce modifications

    If you have gotten divorced in New Jersey and now need to amend some part of your final settlement, you will want to understand how the state approaches these situations. According to the New Jersey Courts, there are many situations that may warrant such changes. Many of these are financial in nature but some are not. You can make a petition for a modification for a specific aspect of your ...
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