Since 1990, there has been an increase in the rate of divorce for people over the age of 55. There are many reasons why older New Jersey residents have decided to end their marriages. These reasons include more liberal attitudes toward divorce, increasing lifespans...
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Freelance work and child support obligations
For New Jersey parents with child support obligations, payroll deductions and withholdings are some of the most common means by which their monthly payments are collected. Around 70 percent of all child support payments are made through direct payroll collections....
Planning for the future while finalizing a divorce
The divorce process is different for every separating couple in New Jersey. It can involve an array of financial, practical and emotional complications. Therefore, when spouses go through a divorce, they should be careful to avoid making errors that could be...
Child support and unemployed parents
Non-custodial parents who unexpectedly lose their jobs may want more information about the effects of unemployment on an active child support order. In New Jersey and other states, child support orders are in place to help ensure that the children's needs are met....
Is paying spousal support becoming more common for women?
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...
How law change affects divorcing couples and tax savings
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...
Planning for college funds during a divorce
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...
Why a prenup may be important in wealthy families
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...
How equal marriages may reduce the likelihood of 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...
Issues that may arise when parents share legal custody
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...