When cohabitation moves toward an engagement to marry, partners with significant assets may decide they want a prenuptial agreement. The partners are aware of their separate and joint assets.
In New Jersey, as in the rest of the country, it seems that the vast majority of parents - both mothers and fathers - are in the workforce earning an income. However, approximately 25% of mothers stay at home to take care of their children while their spouse works to earn an income. For men, 7% stay at home with the situation reversed. When the marriages between these spouses breakdown, how does the "stay-at-home" aspect of the parenting and marriage work out in the property division process? As it turns out, not well.
Alimony issues in a Marlton divorce can cause fervent and contentious confrontations between the two sides. Many people who are involved in a divorce are looking for a "clean break" to the relationship which has taken a turn for the worse. Alimony is a link between the two soon-to-be ex-spouses that can survive the end of the legal proceedings. So, it is important to understand the common terms used during the process and the basics around them.
It might be obvious that if a couple is getting a divorce those individuals probably have a hard time agreeing on many topics. But, just because that was the state of the relationship in the months or years leading up to the divorce doesn't mean that the couple can't attempt to work together in the divorce process to get the legal matters behind them and move on with their lives. This is where divorce mediation can come into play.
Although divorcing spouses oftentimes work together during the legal process to divide assets in a fair manner, there are times when a unique asset can cause friction, even when the spouses are negotiating amicably. Business assets, particularly a family business, can be difficult to approach in the property division part of a divorce case. But, there are options for soon-to-be ex-spouses to consider when it comes to a family business and the impact on that business in a divorce.