Dissolving a high-asset marriage typically involves a complicated divorce process. Trying to divide property fairly often leads to lengthy and expensive court battles. Fortunately, there is an alternative worth considering – dividing marital property through divorce...
Year: 2024
What can a mediator actually do for divorcing couples?
Preparing for a divorce can be a lengthy process. There are many issues that spouses have to address when they separate their lives and finances from one another. Those who have pre-existing marital contracts, like prenuptial agreements, may have a simple path toward...
The challenges of divorce when you and your spouse own a business
On its own, divorce is a complex process. However, when a couple co-owns a business, it becomes even more complicated due to the intermingling of personal and professional assets. Dissolving your marriage presents unique challenges for business ownership and requires...
How can retirement affect alimony payments?
New Jersey law doesn't have an option for permanent alimony orders in litigated divorce cases – at least by that name. It does offer "open durational" alimony. A payer may have to provide this support for as long as the recipient can't support themselves – for...
Why set property division priorities for your high-asset divorce?
If you and your spouse are ending your marriage, and your marriage can be accurately described as a "high-asset" union, setting priorities for your property division process will not just serve as a strategic approach; it will be a truly consequential one. Property...
Where do spouses hide assets?
Not everyone acts in good faith during a divorce. Some people do their best to hide assets from their spouse to avoid having to give them a share when the marital property gets divided. This is more likely to occur when the couple has significant wealth. Multiple...
When is divorce mediation NOT recommended?
The parties in a divorce often experience disagreements that create impasses in settlement negotiations. If they cannot reach an agreement, a New Jersey family court judge could decide for them. In lieu of that, mediation provides a means to reach a compromise....
4 ways a divorce later in life can get more complicated
If you’re going through a gray divorce in New Jersey, you may wonder how it will affect your life. Going through a divorce later in life can affect you differently than if you’d divorced while you were younger. Unfortunately, many people aren’t prepared for those...
The pitfalls and stress of high asset divorces
Divorce in New Jersey is never easy for either party. In some instances, divorce can become much more troublesome - even harmful. This is often the case for high-asset divorce. Examining some issues related to such contentious divorces can help understand why they...