Although few New Jersey couples enter a marriage with the expectation that their relationship may end in separation, divorce is an unfortunate possibility. Since approximately 50 percent of all marriages end in divorce, spouses who own businesses or substantial property should take steps to protect themselves.
Divorcing in January
New Jersey residents who want to start the new year off by seeking a divorce should be aware of certain mistakes to avoid. One of the first such issues that could be a problem is rushing to file.
How to help kids during divorce
New Jersey parents who are in the process of separation and divorce might wonder how to support their children emotionally through this stage in their lives. While divorce is a very difficult moment for both adults and children, parents might need to seek the assistance of health professionals such as the children's pediatricians and psychologists.
Retirement considerations in a divorce
While half of all marriages no longer end in divorce, adults over the age of 50 are more likely to divorce than in previous decades. New Jersey who are near retirement and considering divorce may want to think about keeping their retirement accounts safe.
Dissipation of assets
Strong emotions often characterize the end of a marriage. When couples in New Jersey divorce, there are situations in which one spouse may seek to discomfit the other one. This sometimes takes the form of actively working against fair and equitable property division.
The major financial issues in a divorce
New Jersey couples who are ending their marriages know that money is often an issue. When children are involved, custody is often the primary concern of divorcing couples, but most of the other major ones involve the division of assets and debts.
Reasonable spousal demands in divorce
Although divorce can be stressful, there are ways that New Jersey couples can successfully work through the process. In order to minimize contentious attitudes, couples should take a fair approach to splitting assets. One of the biggest decisions is often who gets to keep the family home. This will involve considering whether both partners worked and split parenting duties.
Experts say Jolie, Pitt likely had prenuptial agreement
People in New Jersey who are fans of Brad Pitt or Angelina Jolie may have heard that the two have split after a dozen years together. They have only been married since 2014, but experts say they probably had a prenuptial agreement. Both have been married before, and they had considerable earnings before and during their marriage.
The treatment of college funds in a divorce
New Jersey parents who are going through the process of divorce often find that the road is a rocky one, even when the split is amicable. As one household is split in two, divorcing couples must work to divide assets in a fair manner, which includes everything from the family home and vehicles to savings accounts and college funds.
Dividing retirement accounts for older divorcing couples
The rate of divorce for older spouses in New Jersey and throughout the country has gone up considerably over the past few decades. According to the National Center for Family & Marriage, the divorce rate for individuals age 50 and over has doubled between 1990 and 2014. For couples over age 65, the rate tripled during that time period.
