If you receive an inheritance from your parents or grandparents while you are married, your first instinct may be to share it with your spouse. Perhaps the two of you want to use the money to make a joint purchase, like buying a business or buying a home together. Or...
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Property Division
What to do if you discover your spouse’s secret financial obligations
Finding out your spouse has secret debt can feel like a betrayal – and it could threaten your financial security. Many people discover unknown financial obligations during divorce proceedings when all assets and debts must come to light. This situation becomes even...
Dividing debts in divorce: Who’s responsible for what?
When couples divorce, one of the most contentious issues is often debt division. Who is responsible for paying off joint debts, and how are they divided? In New Jersey, the courts follow the principles of equitable distribution, which means that debts, like assets,...
Is your soon-to-be-ex trying to hide wealth?
Divorce is often a stressful and emotional process for everyone involved. Even in seemingly amicable separations, one spouse might attempt to conceal wealth to prevent a fair division of assets. This dishonest behavior can leave you at a financial disadvantage and add...
Can you keep the money you brought into your marriage in divorce?
You know that getting divorced means you and your spouse will have to split the money you earned during the marriage. You both worked and your income from that time counts as a marital asset. It doesn’t necessarily matter who had the higher salary. These are shared...
Appraising collectibles is vital in divorce
When going through a New Jersey divorce, all marital property is subject to division -- and that makes it essential to evaluate any collectibles like art or collections of things like rock ‘n’ roll memorabilia or fine wines. Even though one spouse may have been the...
Will you lose it all in divorce?
Imagine building a thriving business, investing in your future and securing a comfortable retirement, only to face the prospect of losing it all in a divorce. As you navigate the legal complexities such a challenging time, understanding how to protect your assets is...
The most important detail when addressing a home during divorce
People preparing for divorce proceedings in New Jersey frequently focus on their biggest assets. As such, a marital home where the spouses live together can be a source of conflict. Spouses often disagree about who should stay in the home during divorce and who should...
Do penalties apply when dividing retirement savings in a divorce?
Retirement savings are often among the personal resources that people prioritize in a divorce. No one wants to delay or substantially alter their retirement plans because their marriage ends. Therefore, people are often very protective of retirement resources during a...
What can count as marital asset dissipation during divorce?
A usual point of contention during divorce is who gets what. New Jersey follows an equitable distribution rule that divides marital properties fairly but not necessarily equally. Courts consider a comprehensive list of relevant factors to determine how to split assets...