The last several decades have seen many changes here in the United States. This includes significant changes in how common it is for women to be the breadwinner in families. Take moms for instance. In 1960, moms were the breadwinner in only 11 percent of households with minor children. In 2013, this number was all the way up to 40 percent.
Tax deduction laws for alimony payments have changed and will affect recipients and payers in different ways. Couples in New Jersey will have to explore different avenues to seek out tax savings. The Tax Cuts and Jobs Act reverses a law enacted in 1942, and one of the expected outcomes is a shift in how alimony payments are treated during the negotiations process.
For many New Jersey parents, paying for their children's higher education can be a major source of stress. The College Board estimates that the already-high costs of university education rise by around 3 percent every year. The sum is already substantial, especially when multiplied over the course of four years; every year at a private university costs approximately $46,950 when tuition, fees and room and board are taken into account an a year at a public university costs an average of $20,770. However, many parents are committed to making a substantial commitment to their children's university education.
Children of some wealthy families in New Jersey may face pressure from their parents to create and sign a prenuptial agreement. This is often not because of any issue the parents have with the child's future spouse but simply an effort to keep the family wealth from going to that spouse in the event of a divorce.
When New Jersey couples embark on a marriage in which the gender roles are equal, they may be creating a more solid base for their relationship than couples who begin with traditional gender roles and then change. According to researchers in Sweden, this may lead to divorce.
Some New Jersey parents who are getting a divorce might wonder what is meant by joint legal custody. Legal custody is the right of parents to decide what religion their children will practice, what schools they will attend, what kind of medical care they will receive and other major issues. If parents share legal custody, they both have these rights.