If you own a New Jersey business, the recent economic turmoil may affect its value and become a point of contention if you are going through a divorce. The financial impact and fluctuation in asset values could require a valuation for equitable distribution purposes....
Property Division
What happens to the mortgage when you divorce?
When your New Jersey marriage comes to an end, you need to figure out what to do with your shared assets and debts so that you may move forward with life on your own. If you and your one-time partner share a home and mortgage with one another, you must determine what...
How can your records help you keep your business?
You have worked hard to build up a profitable business, so if you are preparing for a divorce, you may worry that a court will award your spouse a portion of your business value. This ruling may cause you to sell off the business to pay your spouse. This is where your...
What are ways to negotiate property division?
You may have some personal possessions that you do not want to part with, and yet your upcoming divorce makes it possible or even likely that you will have to sell them off to split the value between yourself and your spouse. Still, it is possible to work out an...
Post-divorce debt responsibilities and realities
Many people struggling in their marriage may fear getting divorced in part due to the financial losses they may experience after splitting their assets with their spouse. Once the decision to divorce has been made, however, spouses realize that they must not only...
Property division in New Jersey: How do pensions fit in the mix?
When a couple makes the decision to divorce, there are a number of issues they need to discuss. One of those is property division. How are assets and debts split when a couple is soon to un-couple? One of the things that could be up for discussion concerns...
Property division and the family pet
Sometimes, when a couple prepares to marry, they agree on a pre-nup. Especially in situations where one or both parties has assets that they want to protect in the event of a divorce, a pre-nup can specify such terms ahead of time. When it comes to divorce and...
Dealing with artwork during property division
The property division process can be as unique as the financial makeup of the individuals involved in a divorce. This means that couples that are dissolving their marriages need to be prepared to come up with customized legal solutions to their property division...
Things to consider before engaging in property division
There's no doubt that the property division process can shape your post-divorce life. Depending on the outcome of the process, you can be left feeling like you got a fair shake out of your marriage dissolution or you end up feeling cheated. There are many things you...
Property division and the family home
Many New Jersey families build a lifetime of memories in their familial home. This can make it difficult to part ways with the residence when a divorce occurs, especially when children are involved because one or both parents may be concerned about how a move will...