The divorce process involves the division of all marital assets. Those who are going through a divorce can take steps to better ensure a fair split. Three examples include:
It is important to review your estate plan after you finalize your divorce. Depending on how it is set up, you may need to make some changes to ensure that your assets do not go to your ex. Some examples include:
New Jersey law makes businesses owned by a spouse subject to potential claim and division in a divorce case. Part of the process involves fixing a present value to the business interest. Covid-19 will most likely impact the valuation of your family-owned business during your divorce proceedings.
The issue of paying for attorney's fees in a New Jersey Divorce or Family Law matter comes up often. There is no rule in family law cases that the party who files for divorce or begins the custody dispute must pay for the other party's attorney. There is, however, authority in the law for a judge to potentially require one person to advance or pay the other party's fees. Family Court is a Court of equity, meaning the element of fairness is to be considered when a judge has to decide an issue. New Jersey law therefore gives a judge authority to grant an award of attorney's fees based on the financial situation if needed to level the playing field - to prevent one party from prevailing simply because he or she can afford to pay an attorney more. A judge may also award attorney's fees when one party has acted in bad faith, such as by violating a Court Order or taking a position that is blatantly unreasonable.
Men and fathers face some particularly challenging obstacles when they divorce. Historically, the family legal system has often favored women and mothers in the traditional roles of homemaker and dependent.
Social media is one of the most common places people turn during difficult times. People go to Facebook, Instagram and even dating sites looking for support, love and an outlet to share difficult feelings.
There is no doubt that divorce is one of the most difficult experiences many people go through.
Trust is difficult to build and very easy to lose. It is also something missing from many divorcing couples. Under these circumstances, many people feel as though there is no hope of working out a solution to the various issues related to the divorce without going to court.
Divorce takes a major toll on the marital and separate assets of each person going through the process. Because of this, people can be very focused on maximizing their financial settlement. However, this can be extremely difficult if you do not have the information you need to fight for what you deserve.