An ex-spouse may be entitled to receive retirement benefits based on the earnings of their former partner. However, the marriage must have lasted for 10 years or more for this to occur. New Jersey residents might view this as an excellent way to supplement their wages, but it is important to act strategically. It might be necessary to pay back some benefits if an earnings limit is exceeded when benefits are being received.
New Jersey couples who are going through the divorce process expect to pay an emotional toll when they dissolve their marriages, but financial costs can be heavy as well. Decisions made in anger sometimes lead to monetary losses. Common financial mistakes could often be avoided through patience and due diligence.
A divorce involving couples in New Jersey can sometimes be a complicated legal process. Financial advisers and family law attorneys sometimes see costly mistakes that people make during the divorce proceedings. They can offer advice for avoiding some of the biggest financial errors that can have a negative impact for years after the divorce.
New Jersey residents may benefit from understanding more about the complications that arise from international child abductions by noncustodial parents. Once a child has crossed international borders, the custodial parent may struggle getting them back home. According to the U.S State Department, from 2008 to 2013 there may have been more than 8,000 children in the country who were abducted by one of their parents. More than 1,000 abductions are reported on an annual basis.
New Jersey parents may be interested in some research out of Sweden that may shed light on the best course of action regarding child custody issues. The study looked at the amount of stress that children in different custody arrangements faced, with surprising results.
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.
New Jersey residents whose divorce cases included an alimony order or agreement should be aware of how the IRS treats these payments, both for the payer as well as the recipient. People who make qualifying payments are able to claim deductions for them, while those receiving qualifying payments must report them as income on their federal income tax returns.
New Jersey divorcees are often surprised to learn they or their former spouses are not eligible for Social Security spousal or survivor benefits after a divorce. The regulations governing Social Security benefits for divorced spouses frequently cause confusion and lack of clarity with regard to what a spouse is entitled to. Two key points govern divorced-spouse payouts: the "10-year rule" and whether the non-beneficiary spouse remarries before age 60.
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.
For New Jersey residents thinking about going to medical school, the idea that doctors often end up divorced due to their workload may have crossed their minds. However, the results of a study published on Feb. 19 showed that this may not be the case; in fact, the results suggest that doctors are actually less likely to divorce than other professionals in the health care industry.