While prenuptial agreements are a way to protect one's assets in case of a divorce, couples are not always able to agree about using this tool or one partner may fear bringing the subject up. There are ways to safeguard separate assets in case of a divorce, though this requires being careful during the marriage, and those planning to tie the knot in New Jersey may wish to discuss whether one of these alternatives or a prenuptial agreement is best for them.
New Jersey spouses may be interested in information about how retirement plans are divided in a divorce. This involves a certain type of document that is the sole way to change the apportionment of retirement funds.
According to a study recently published in the Journal of Health and Social Behavior, couples were 6 percent more likely to divorce if the wife became ill. When a husband had an illness, conversely, it did not lead to any corresponding increase. There were some theories offered as to why this may have been the case.
New Jersey couples who are considering a divorce may find it helpful to learn about division of assets. Depending on state laws and how funds were used, certain assets like inheritance or gifts may or may not be divided.
The New Jersey Senate Judiciary Committee recently approved legislation that would allow parties involved in a divorce to seek an alternative to a court battle to resolve the conflict that naturally comes with the complicated and emotional process.
Johnny Weir, a former figure skating star, became a media sensation for his commentary during the Sochi Olympics. Now he is in the news for another reason: a recent announcement that he had recently initiated divorce proceedings against his husband of two years, Victor Weir-Voronov.
A personal trainer recently entered a guilty plea for his role in using intimidation to coerce Orthodox Jewish men in New Jersey to agree to religious divorces from their wives. Though irreconcilable differences are the only requirement for civil divorce, religious divorces under Jewish law require the husbands to sign a paper called a get.
One of the most complicated parts of divorce, particularly for those who do not have children, is the property division process. Whether a married couple has significant assets, or is of more modest means, dividing a household and joint finances is never easy. In addition to divvying up assets and property, divorcing couples also need ensure that debts are fairly separated.
Sometimes people get so caught up in the stressful details of divorce that they can’t see the forest for the trees. As if the decision to divorce wasn’t hard enough, when the process actually starts, there is even more to consider. With the help of their lawyer, individuals will have to make decisions regarding property division, possible alimony, and child custody and support, if children are involved. On top of that, they will have to deal with the personal implications of the split, such as difficult discussions with family and friends.
For some divorcing spouses, dividing marital property is the last thing they want to think about. In other cases, deciding who should get what is the first issue people address. New Jersey business owners may have questions about how their stock in a company might be divided in a divorce settlement. It is important in these cases to remember that state law presumes that marital property should be divided equitably.