It is no secret that going through the end of a marriage can be a stressful and intimidating experience for everyone involved. Should you and your spouse decide to part ways, you may worry about the impact the process might have on your kids and wish to take every...
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Divorce mediation — because divorce doesn’t have to be hostile
You are beyond ready to move on with your life, so you have decided to file for divorce. On the one hand, you feel a sense of freedom. However, on the other hand, you feel worried about the hostility and conflict that may be around the corner for you.The good news is...
Why is child support important?
Financial security is important for children, especially if their parents are divorced. Living and moving between two different households can be hard for kids, but child support can make things easier by providing relatively similar standards of life. This is why it...
A recent ruling may help you hold onto your unvested stocks
If you have unvested stock, a recent ruling from the New Jersey Appellate Division could have a big impact on your divorce.New Jersey is an “equitable distribution” state. This means when a couple gets divorced, the courts try to divide all their marital...
Will you need an expert witness during divorce proceedings?
Every divorce is different. In some cases, contested divorces are settled relatively easily. In other cases, you might need to craft a strong case with careful evidence and expert testimony to give you the best chance for a satisfying settlement.In New Jersey, expert...
Remedies to consider for the new tax changes to alimony
If your divorce is not already finalized, you will probably be affected by the new laws which will change how alimony is taxed. Alimony, which is sometimes called spousal support, is a payment one spouse is sometimes ordered to pay the other spouse after divorce....
Do I have to pay income taxes on alimony?
When high-asset couples divorce, the likelihood of spousal support factoring into the process is high. Because of the tax reform law passed last year, how this support affects income taxes will change.If you are seeking a divorce and will either be paying or receiving...
Why women need to ready finances before divorce
A recent study found 46% of women did not expect their divorce to bring the financial circumstances it did. This finding may relate to studies that show women reporting lower financial literacy and confidence than men.If you are separating from your spouse or...
A responsible conversation: The prenuptial agreement
Upon marriage, no couple believes their romance will end in divorce. Beginning the conversation of signing prenuptial agreements may prove uncomfortable, but the document itself saves many couples from lost assets and confusion in the event of a divorce. Negative...
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...