While there are different considerations related to a military divorce, the overall principles remain the same. However, the factors that affect military life could determine how a court applies those principles. Military divorces present many complexities that can impact both child custody and finances. You should hire an attorney to provide you with the most effective legal representation, regardless...
Continue ReadingDivorce is usually not an easy process. Emotionally, you are bringing an end to a relationship, and it means a period of transition for you. Also, you must bring the legal aspects of your relationship to a conclusion. This could mean resolving issues such as division of property and custody. In general, there are several obstacles that you would...
Continue ReadingSometimes, you realize right after the marriage that things will not work out in the long run. New Jersey law does not require you to remain married for any length of time. You must still take the legal steps necessary to end your marriage. Annulment Can Only Happen in Rare Circumstances First, you should know that annulment will not...
Continue ReadingDivorces in which one or both spouses have a net worth of more than $1 million in wealth or assets are considered high asset. Divorces of this type are generally exceedingly complex and time-consuming, particularly when one spouse holds a higher financial standing than the other. High-asset divorces require a top-notch law firm with knowledgeable lawyers exceptionally skilled at...
Continue ReadingDivorce is a complex process. While you do not always have complete control over your circumstances, you should try to do what you can to prepare when you have an idea that divorce may be possible. Here are some things you can do to prepare for the divorce process. Find a Support Network Divorce is going to be a...
Continue ReadingValuing the marital estate is often difficult. It is even more challenging when one or both spouses acquire a business during the marriage. You would likely need valuation experts and must hire an attorney. Since the business was acquired during the marriage, it would not be subject to a prenuptial agreement. The two parties would not have a predetermined...
Continue ReadingThe Tax Cuts and Job Cuts Act of 2017 (TCJA) significantly changed the tax treatment of alimony under federal law. Previously, the spouse receiving alimony had to declare it as income on their tax return, and they were responsible for paying taxes. The paying spouse could take the alimony as an above-the-line deduction, meaning they could reduce their income...
Continue ReadingSometimes, one spouse either moves out of the marital home or feels like they have no choice but to do so. Whether there was a justification for the move is critical. If there was, one spouse might have grounds for divorce. In most cases, New Jersey divorces are either based on an 18-month separation period or irreconcilable differences that...
Continue ReadingYour ability or inability to borrow money may impact your life after divorce. Your credit score can dictate whether you can get credit cards, car loans, or take out a mortgage. While divorce does not automatically lower your credit score, what happens during the process could. You must be careful to monitor your credit and protect yourself from unwanted...
Continue ReadingOnce the decision to get a divorce has been made, one or both parties often wonder how they can resolve their issues and reach a final settlement as quickly as possible. While the timeline for getting a divorce is different for every couple, some steps can be taken to expedite the process. Several factors can prolong the process, including...
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