New Jersey families can face tough times when they are dealing with delinquent or unpaid child support from the other parent. Child support orders are issued by the court to ensure that the everyday expenses, including educational costs, medical and dental bills and other major expenses, are covered by their parents. Due to the precarious situation of children and the increased social costs that can result from unpaid support orders, state and federal government agencies have prioritized the enforcement and collection of unpaid child support.
Older New Jersey residents who want to get a divorce should be prepared to address how it will affect their retirement. Individuals who get a end their marriages later in life may find that they have less time to recover their finances.
The financial issues that arise in a New Jersey divorce can be quite challenging. For example, dividing retirement funds will require proper planning. In a 2016 recent survey, 62 percent of divorce lawyers stated that retirement fund division was the most difficult issue to address for their clients.
It happens far too often here in New Jersey. Traffic is heavy, people are running late, and when you least expect it there’s an accident. If you are the one who was hit, you have to pull over and take more time out of your busy day.
New Jersey residents and others may benefit from planning for a divorce before getting married or while married. Doing so may make it easier to protect assets from being divided in a divorce or being seized by creditors. Creditors may come after funds in a joint account if one spouse has unpaid debts or other liabilities. Therefore, it may be a good idea to keep funds in separate accounts.