Recently, members of the North Jersey Transportation Planning Authority have been campaigning for safer road behavior with “Street Smart NJ”. Their goal is to spread awareness about road safety to reduce the amount of pedestrian injuries and fatalities that occur in the state.
Tax laws that go into effect with the new year in 2019 could have a major impact on divorce settlements for New Jersey couples who decide to end their marriages. As part of the Tax Cuts and Jobs Act passed at the end of 2017, changes were introduced that effect how spousal support payments are taxed. The changes could have a particularly significant effect on divorce negotiations for wealthy couples, as the tax impacts are magnified in cases involving significant sums of money. As a result, many couples are scrambling to finalize their divorces before the changes go into effect. Any divorce finalized on or before December 31, 2018 will not be affected by the changes.
Women in New Jersey are likely to encounter unexpected and unpleasant financial issues when they get a divorce. Forty-six percent of the divorced women who participated in a survey reported that the legal process resulted in financial surprises.
When parents in New Jersey divorce, they will need to create a parenting schedule. There are things parents can do to make this process smoother and things they should take steps to avoid.
Divorce in California presents challenges to the people involved, both financially and emotionally. The emotional difficulty may be unavoidable in many ways, but being proactive about finances before and during a divorce could make things much easier going forward. Here are a few things people can do to help prepare financially for divorce.