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...
Property Division
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...
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...
Valuing a professional practice during a divorce
Professionals in New Jersey should understand that their practice may be viewed as a marital asset during any divorce proceeding. That means that, like the house, retirement accounts and checking account, it will potentially be divided with a portion of the value...
Is your spouse hiding assets?
When working through divorce, you would hope that your spouse would at least not work against you. But unfortunately, that is not always the case. Sometimes, a spouse might try to use the confusion and turmoil of divorce to make some personal gains. This is often the...
How may New Jersey divide executive compensation in a divorce?
A divorce involving a highly compensated executive may entail dividing valuable stocks and other employer benefits provided as bonuses or incentives. Under New Jersey's equitable distribution laws, you may have a right to receive a fair share of his or her...