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Posts tagged "Divorce"

How to divide property in a divorce

When a New Jersey resident's spouse asks for a divorce, it can trigger a bevy of emotions as well as create a lot of questions. For instance, it may not be clear who gets the marital home or money in a bank account. It may also not be clear how to pay for the house or how to split the proceeds if it is sold.

Flexible co-parenting

When parents in New Jersey divorce, one of the most common concerns is parenting time. Even when a couple has joint legal custody, they must still make decisions about the time that the children spend with each parent. When parents are mutually concerned about the best interests of their children, making decisions about visitation typically takes into consideration the needs of all parties involved.

Divorce more likely if the husband is unemployed

It is often hard to predict why some married couples stay together while others decide to divorce. However, a recent study is helping to shed a little light on what makes a marriage more likely to last. New Jersey residents might be interested in knowing that men without jobs may fare worse in marriages than those with full-time jobs.

Paying attention to a divorce settlement agreement

While the need to quickly dissolve a broken marriage is understandable, both parties should carefully consider what goes into their divorce settlement agreement. New Jersey couples might often need to think about and refer to this agreement when dealing with a former spouse for reasons related to children, real estate or business.

Evaluating options in pursuing divorce

Divorce courts in New Jersey may help in deciding difficult matters related to the end of a marriage, but court battles can be costly. Nationally, the divorce rate tends to remain consistently in the range of 50 percent, which can also create a heavy load in the courts. To save both time and money, some couples might seek alternative avenues for terminating their marital ties.

Preparing for divorce may be smart

When New Jersey couples get married, they usually believe that they will always be together. However, it is possible that the marriage could end, which means it may be practical to prepare for such an eventuality. Regardless of whether an individual is married or not, it may be a good idea to learn basic fiscal literacy that includes learning how to budget or how to save money for retirement.

Baby boomers driving divorce rates up

One age group in New Jersey and around the country is responsible for driving the divorce rates up to above 50 percent. While people in younger generations have been divorcing less frequently in the past few decades, baby boomers have instead been divorcing even more.

Spousal support after an immigrant divorces

While prenuptial agreements provide New Jersey couples with the ability to pre-plan their exit terms in case a marriage becomes difficult, there can be situations in which a prenup is deemed to be inappropriate by the court system. A federal court case heard in San Francisco dealt with a prenuptial agreement and alimony terms between a U.S. citizen and his immigrant wife. A marriage contract was executed that affirmed that the husband would provide support in order to ensure that his wife's income remained above the poverty level by at least 25 percent once she immigrated. However, the couple also executed a prenuptial agreement that involved both partners giving up their rights to alimony in the event of a divorce.

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