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August 2017 Archives

Steps to ensure that alimony is deductible

Spousal support may be an issue in many divorces in New Jersey. When there is a substantial disparity in the incomes of divorcing spouses, judges may order the higher-earning spouses to pay spousal support to the lower-earning spouses for specific durations or for indeterminate periods.

When to choose mediation in a divorce

New Jersey couples who are getting a divorce may want to consider mediation instead of litigation. However, mediation is not the right choice for everyone. For mediation to work, the couple must generally wish each other well. If one person wants revenge, there could be problems in the process.

Post-divorce finances for women

Women in New Jersey who have gone through a divorce should reconsider how they handle their finances. The household income of a divorced woman drops an average of 41 percent according to information from a 2012 report by the United States Government Accountability Office. This is nearly two times the loss of income a man will sustain after a separation.

Why people might want to consider prenuptial agreements

When New Jersey residents are planning to get married, they may be worried when their fiancés say that they want to sign prenuptial agreements. Doing so does not mean that the couple is necessarily planning for their marriage to end in the future, however. It may instead be used as a vehicle to help to reduce potential conflict and enrich the marriage.

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