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. This means that in most cases, the divorce agreement cannot compel a parent to pay for an expensive private college education.
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. Women who become seriously ill are more likely to face divorce while married men who suffer from illness do not show the same increased likelihood of separation.
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 news that Amazon's founder is splitting from his wife after 25 years of marriage. The couple will be dividing assets estimated to be valuated at nearly $140 billion.
When a New Jersey spouse is in a relationship with a significant disparity in physical attractiveness, they could be more vulnerable to divorce. Analysts have pointed out that there is a body of research that supports such conclusions. Despite this, one survey of online dating practices found that people tend to pursue others who are more attractive than they are.
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.
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.
Some New Jersey parents who are divorcing might want to consider an arrangement called "nesting" or "birdnesting" to help their children adjust to the separation. In a nesting arrangement, children stay in the family home while each parent takes turns living there. Experts say that nesting can give children a sense of stability, but a successful arrangement requires parents to get along well. They also need to be able to afford at least two homes, the family home and another one they alternate living in when not at the family home. Finally, the arrangement should not last more than a few months.
People in New Jersey who are going through a divorce might make some financial mistakes that can cause the process to be even more stressful. Awareness of common mistakes can help people avoid them.
New Jersey parents who decide to divorce may worry about how a marriage separation may affect their children. They may also worry about how the divorce could affect their own time and relationships with the kids. While a divorce can be challenging for a family, parents can improve the situation by dealing with their children in a loving and responsible fashion. By taking action to ensure that the kids' emotional needs are met, parents can ease the transition.
According to the Barna Trends 2017 report, a majority of Americans believe that cohabitation prior to marriage is a good idea. However, some New Jersey couples may be surprised to see that a study published in the Journal of Marriage and Family challenged that perception. The research indicates that people who live together before they get married are at a higher risk for divorce.