Although the divorce rate has been going down across the country, among some age groups it is actually trending upwards. In fact, the divorce rate for Americans over the age of 50 has doubled since 1990. The impact that splitting up close to retirement can have on a...
Changing The Lives of Our
Clients For The Better
Divorce
Why older people are ending their marriages
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...
What will happen to my retirement plan if I get divorced?
Many New Jersey residents, including those who are not especially wealthy, have a retirement plan either through their place of employment or some other source. Retirement plans, such as 401(k)s, pension plans and individually held plans like an IRA include a generous...
Hidden assets can leave you short-changed post-divorce
Divorce is a major financial transaction. Under New Jersey law, you aren’t necessarily entitled to half of the marital estate, either. This is because New Jersey recognizes equitable distribution, which means that marital assets are to be divided fairly. As a result,...
Why limiting social media use may be beneficial during a divorce
As a parent, you’re probably always looking for ways to help your children become interested in activities that don’t involve screens or scrolling through social media. But you might not know that monitoring your own social media use may help you achieve a more...
How you can help your children adapt to the realities of your divorce
When you go through a divorce, it’s essential to make sure your children feel comfortable with the newness they encounter. As you prepare for court or solidify a custody schedule, it’s not too early to think ahead about how you can help your children acclimate to...
What happens to a business in a divorce?
A business takes a long time to get to a stable position. No matter how long you have been working to support your business and how many resources you put into it, a divorce can jeopardize it. Divorce proceedings can impact a business in several ways. By getting ahead...
Planning for a child’s college expenses after divorce
As part of a divorce settlement, some parents in New Jersey might be required to contribute toward their children's college expenses. However, even when this is the case, a judge will take a number of factors into account, including a parent's financial situation....
Divorce may be more likely if the wife gets sick
When people marry in New Jersey, they often pledge to stay together "in sickness and in health." In practice, however, severe and chronic illness can have serious, negative effects on a marriage. According to multiple studies, those impacts are distinctly gendered....
The ins and outs of very high-asset divorces
Not many people in New Jersey, or the rest of the United States for that matter, have the kind of assets that the founder of Amazon has. However, it is interesting to take a look at what steps may be taken to protect assets of this nature during a divorce given the...