Since 1993, the rate of divorce for people in New Jersey and throughout the United States who are over 50 has doubled, and trends show that it continues to rise. For people who are considering a divorce later in life, the financial aspects of the end of the marriage can be particularly complex, especially as couples who have been married for many years may have accumulated a significant number of assets, investments and insurances.
For people going through a divorce in New Jersey, the financial consequences and complications can be even more draining than the emotional and practical issues that arise at the end of a marriage. Even after the divorce settlement is finalized, there are a number of important tasks to keep in mind to ensure that financial issues are dealt with effectively following a divorce.
Parents in New Jersey who are getting a divorce might have questions about their options for child custody. Before making a decision, parents should understand the difference between the two types of custody -- physical and legal. The child lives with the parent or parents who have physical custody. Parents with legal custody can make decisions about education, health care and other important things related to the child's welfare. Each of these types of custody might be joint or sole.
Divorce can be a scary and stressful experience for children if their parents bring conflict and anger to every interaction. Building a solid parenting plan requires communication, collaboration and respect.