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Alimony payments can affect your taxes. In New Jersey, making these payments tax-deductible requires specific procedures. It may be helpful to follow some steps to ensure your alimony payments meet the criteria for tax deductions. Ensure your alimony qualifies To make...
When a married couple decides to part ways, they may consider either divorce or legal separation. While both involve living separately, there are significant differences between the two. Understanding how New Jersey defines divorce and separation can help you decide...
The traditional adversarial approach to divorce often worsens the stress and conflict of the situation, making it harder for couples to move forward. Mediation, on the other hand, offers a more collaborative and less contentious alternative. Mediation makes things...
Child support determinations depend on calculations based on both parents’ incomes. If you have a court-ordered child support agreement in place, you may wonder if you can ever have the agreement modified. Certain significant changes warrant a child support...
When you are a business owner, it adds another layer of complexity to divorce. Protecting your business is necessary for its continuity and your financial stability. 1. Thorough documentation Accurate and detailed documentation is the foundation for protecting your...
The American Institute of Stress lists divorce as the second-highest stressor that people face. Naturally, couples facing this crossroads look for ways to streamline and improve the process. One option people may overlook is collaborative divorce. They might fear that...
According to U.S. News and World Report, about 1/4 of all divorces involve couples over the age of 50. These situations make up gray divorce. Gray divorce, the phenomenon of couples separating later in life, has become an increasingly prevalent topic in recent years....
Gold and jewelry can add complexity to property division in New Jersey divorce proceedings. For example, these items can be relatively easy to hide or conceal. Gold and jewelry can also be tricky to value correctly. Ownership One of the initial challenges in the...
Domestic violence affects far too many individuals and families in the United States. Such behavior is not acceptable in American society even though it is normal in many other cultures. It can have severe consequences for many people. Domestic violence refers to the...
The U.S. Census reported in 2019 that 17 million unmarried Americans live with their partners. Prenuptial agreements help married couples with their financial situation in the event their relationship ends, but unmarried couples cannot create one. However, palimony,...