A prenuptial agreement can set up financial expectations for you and your future spouse. It can contain information about who will get specific assets if you go through a divorce. Some prenups also cover the assignment of debts that originated before a marriage....
Property Division
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...
What to remember when divorcing with an art collection
Some people living in New Jersey like collecting all sorts of items. Certain individuals enjoy starting and adding to valuable art collections. If you own art and are going through a divorce, worrying about the future of your priceless pieces is understandable. Create...
Property division in New Jersey
New Jersey is among the 41 states that have equitable distribution rules. Therefore, a judge may divide property fairly when a person gets divorced, but each spouse may not get 50% of the assets. The judge will generally consider many factors about each person's past...
Determining whether a prenuptial agreement is right for you
A prenuptial agreement, or "prenup" for short, is a legal contract between two individuals who are planning to get married. The purpose of a prenup is to determine how assets will be divided in the event of a divorce or separation. While prenups are often associated...
How businesses are impacted by divorces
A divorce can be a complicated affair regardless of your net worth or whether it is settled inside or outside of a New Jersey courtroom. However, if you own a business, ending your marriage may result in chaos for workers, investors and others who are associated with...
How to manage your social media usage during your divorce
The best approach to social media for New Jersey couples who are going through a divorce is to avoid it altogether. However, this is impractical for many people. In that event, there are certain guidelines that you should follow. Privacy First, lock down your privacy...
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...