The family home can be one of the most emotionally significant and financially valuable assets held by a divorcing couple in New Jersey. Unlike purely financial assets like retirement funds or bank accounts, it is far more difficult to equitably distribute the marital home. As a result, one of the most popular solutions for the home during a divorce is to put it up for sale. The purchase price can be used to pay off the remaining mortgage before the balance is divided between the two divorcing spouses.
Breaking the news to your kids about divorce is one of the first, of many steps in the divorce process. However, it might be one of the most difficult. It is not easy to tell your children that you and their other parent are no longer in love and do not want to be together.
All married couples in New Jersey will have occasional disagreements about money, but persistent arguments about finances could undermine a relationship entirely. A university study identified financial disputes as a leading indicator that a couple was headed for divorce. People who fought regularly about their finances had a 30 percent greater chance of seeking divorce.
New Jersey residents may be interested in learning what grandparent child custody is and how it could affect them. Grandparent child custody is allowed in some areas and gives grandparents the right to petition or to be awarded the custody of their grandchildren. If grandparents are not awarded custody, they could be awarded visitation rights.
New Jersey parents headed for their first winter after a divorce or separation may be concerned about the logistics and emotions involved in navigating the holidays with a new family dynamic. There is no need to face the season with trepidation; even though all families are unique, there are some simple guidelines recommended by experts that can make this time flow much easier for children and parents.