When people in New Jersey decide to divorce, there are a range of financial considerations to keep in mind. Tax law changes could significantly impact when people decide to finalize the end of their marriage. Individuals concerned about these changes may find it...
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Month: June 2018
Potential Impacts of the Tax Cut & Jobs Act on Divorce Settlements
Blog Written by: Lori B. ShlionskyOn December 17, 2017 the Tax Cuts and Jobs Act of 2017 was signed by President Trump and made a number of significant modifications to the Internal Revenue Code ("IRC") that will either directly or indirectly effect newly...
Parental Alienation: Brad Pitt and Angelina Jolie’s Custody Battle
Celebrities Brad Pitt and Angelina Jolie appeared in the news last week as their child custody battle continues. The newest development in their court case is a court order stating that Angelina is in danger of losing custody if the children's relationship with Brad...
Myths surrounding non-custodial parents
In some cases, New Jersey residents who are non-custodial parents may be looked down upon due to a number of myths surrounding separated or divorced parents. However, many of these myths are false as non-custodial parents can still share legal custody, have extensive...
I’m getting divorced… so what does this mean in terms of finances?
Many married couples settle into a regular routine. One spouse will pay the bills and the other will take care of other items on the "to do" list. The result of this arrangement is that, more often than not, one spouse is more familiar with the marital finances and...
What happens to child support when situations change?
New Jersey parents who pay or receive child support might, over the years, find that the amount of child support paid or received needs to change. The circumstances that lead to this include the children's changing needs, medical issues or income changes due to...
The impact child support has on public aid
When a couple with children divorces, it can be difficult for the lower-income parent to make ends meet. Child support is used as a means of assistance in this situation. A parent can petition for support directly from the other parent, or they may go on public...
Marriages can end at any age
New Jersey residents and others who are age 50 or older are getting divorced at an increasing rate while divorce rates for other age groups stabilize. One thought is that individuals in this age group grew up during a time when the concept of marriage was about...