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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...
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 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...
People who are wanting to get divorced in New Jersey should take some time to prepare before they file. By making financial preparations in advance of filing for divorce, people may be able to exit their marriages in an easier way. While preparing to file for divorce,...
When couples in New Jersey do not share household chores equally, they might be more likely to get a divorce. Harvard Business School studied 3,000 couples and found that 25 percent of the ones who split up did so because of fights over housework. According to a 2017...
Older New Jersey residents who want to get a divorce should be prepared to address how it will affect their retirement. Individuals who get a end their marriages later in life may find that they have less time to recover their finances. For people 50 and older, the...
The financial issues that arise in a New Jersey divorce can be quite challenging. For example, dividing retirement funds will require proper planning. In a 2016 recent survey, 62 percent of divorce lawyers stated that retirement fund division was the most difficult...
New Jersey residents and others may benefit from planning for a divorce before getting married or while married. Doing so may make it easier to protect assets from being divided in a divorce or being seized by creditors. Creditors may come after funds in a joint...
Since 1993, the rate of divorce for people in New Jersey and throughout the United States who are over 50 has doubled, and trends show that it continues to rise. For people who are considering a divorce later in life, the financial aspects of the end of the marriage...
For people going through a divorce in New Jersey, the financial consequences and complications can be even more draining than the emotional and practical issues that arise at the end of a marriage. Even after the divorce settlement is finalized, there are a number of...