One of the tools that New Jersey residents might use to settle the issues resulting from their divorce is mediation. However, for mediation to be successful, the mediator must be truly neutral, which is challenging when many of people's biases are implicit and...
Year: 2021
What is equitable distribution in New Jersey?
New Jersey is a state that uses equitable distribution to divide property when a couple divorces. Equitable distribution isn't a 50–50 split of marital property like some may think. It's a fair division of marital property in a divorce, which may or may not be 50–50....
How to keep real property in a divorce
If you choose to end your marriage, there is a chance that you will cede control of your New Jersey home to your spouse. There is also a chance that you will cede other properties that you own at the time of the divorce. Let's take a look at how state law impacts the...
How to retain college savings during a divorce
There are always many things to consider during a divorce. Property division in a New Jersey divorce could potentially impact your child's college savings, which might be disastrous. However, you can take steps to protect your child's future education. Keep an open...
What happens to a jointly-owned business in a divorce
After years of hard work, you may worry about what will happen to your business when you get divorced. If you and your spouse both own your company, here is what you need to know about how your divorce will impact this important asset. How does New Jersey handle...
High-asset divorce involving a medical practice
Divorcing when there is a large amount of wealth and assets involved can get complicated. For New Jersey couples who own medical practices, understanding how the assets and ownership of the practice are divided in divorce is a critically important matter because the...
What is the alternative to traditional alimony?
Many divorcing couples in New Jersey have to deal with matters like alimony. If there’s an agreement between the spouses, it’s possible to skip the traditional alimony route and go with an alternative instead. This might be a good solution if standard monthly alimony...
Will your business be considered shared property during your divorce?
If you're getting a divorce in New Jersey and own a business, it's important to know that your company could be considered a shared asset. When your marital assets are divided, there are several ways in which your business might be affected. Knowing what to expect can...
Why divorce mediation may be a beneficial option
Divorce can be a significant hardship for a family, creating uncertainty, fear and strong emotions. Resolving the end of a marriage may test your fortitude and patience. Divorce mediation may be an attractive alternative to enable you to successfully negotiate the...
Do you need a prenuptial agreement in New Jersey?
Prenuptial agreements can be a very divisive subject among New Jersey couples. According to a new survey by the American Academy of Matrimonial Lawyers on prenup agreements, the divide may be generational. The study shows that millennials were one of the main reasons...