Weinberg, Kaplan & Smith, P.A.
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October 2017 Archives

What are extraordinary expenses in New Jersey child support?

Most parents in New Jersey understand that if they end up getting a divorce there is a likelihood that one of them may end up paying some form of child support if the other parent is given the right to be the primary residential parent. However, that doesn't necessarily make it easier to come to an agreement on how much that support should be. For this reason, New Jersey has set up a child support guidelines process that is supposed to calculate a minimum amount of support a child living in the state will need, depending on the child's age, the incomes of the child's parents and some other factors.

Wealth is sometimes hidden in high-asset divorces

When it comes to divorce in New Jersey, the laws are supposed to apply to everyone equally. The individual who rents a small apartment and works in a factory has to equitably divide his or her assets with the divorcing spouse, just as the Chief Executive Officer who lives in a million-dollar house does. This does not mean, however, that all divorces are the same, as a practical matter. It is simply a fact that people who have more assets, and a more complicated relationship with wealth, will have different problems to face when dividing marital property.

Alimony is not automatic

One of the most stressful consequences of a divorce is losing the financial support of your spouse. Individuals who make less than their spouse, cannot work because of injury or stay at home with children can be in a tight spot when it comes to establishing financial independence after a marriage is dissolved. While this pursuit and idea feels liberating on one level, taking steps to be financially independent may be a challenge.

Separate assets can become distributable marital assets

Equitable distribution in New Jersey typically applies to the assets that either spouse obtained during the time of the marriage. It also applies to jointly obtained assets. The time range excludes the period after one spouse has filed a divorce complaint that remains pending. The time frame for marital assets typically covers the day the couple got married until the date of the filing of a divorce complaint.

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Weinberg, Kaplan & Smith, P.A.
8000 Sagemore Drive, Suite 8301
Marlton, NJ 08053

Toll Free: 866-350-9940
Phone: 856-375-1586
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