Sadly, marriages fail every day and when they do, divorce is almost inevitable. Many people involved in a divorce may worry that they will lose everything. This is especially true for those with significant assets. How those assets will be divided depends on the facts...
Year: 2023
When one divorcing spouse makes more than the other
Divorce negotiations can often become contentious, especially when the matter being discussed is alimony and one of the spouses earns significantly more than the other. There was a time when mostly the husband earned more in these situations, but much has changed in...
Prenuptial agreements support strong marital partnerships
Having your partner raise the subject of a prenuptial agreement can raise fears about a lack of commitment. You may worry that your future spouse expects the marriage to fail and wants to deny you what family law in New Jersey would normally guarantee. This is not the...
What to do when your significant other opposes divorce mediation
When married couples in New Jersey face difficulties, divorcing is sometimes the smartest option. Before finalizing a divorce, couples must decide how they want to proceed. Mediation is a great option for divorcing couples. But problems and confusion can arise when...
How divorce affects mortgage payments in New Jersey
Getting approved for a home loan (mortgage) in New Jersey entails a meticulous process that involves thorough scrutiny of credit scores, assets, debt-to-income ratios and more. If married, lenders will look at both spouses' information to determine if they can meet...
Three reasons to draft a prenuptial agreement
Prenuptial agreements have grown in popularity, with the number of couples choosing to draft one rising from 3% in 2010 to 15% in 2022. Although prenuptials are no longer the province of only extremely wealthy couples in New Jersey, many people shy away from drafting...
Dealing with executive compensation in a divorce
New Jersey is home to many corporate executives, and inevitably some of them go through a divorce. Executives tend to be people with high incomes and varied assets, and this often makes for a more complicated divorce. One particularly tricky area is dealing with...
Why you should reconsider 50/50 child custody plans with your former partner
A divorce can bring strong emotions, as this is one of the most challenging times in life. One of the primary aspects of divorce with children is creating an agreement with your ex-spouse to share custody. Despite the latest trends of sharing custody equally, it is...
Know the elements to look for when choosing a divorce mediator
Choosing a mediator is one of the first steps you'll take when going through the divorce process in New Jersey. When you pick one, they should have a few essential credentials since you'll be dealing with critical family issues that are emotional and sensitive. Trust...
How to protect your company’s future in a divorce
Most couples getting married in New Jersey hope these unions last a lifetime, even though about 50% of marriages still end in divorce. Divorcing couples have many factors to consider, including potentially splitting businesses. However, there are a few ways to protect...