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June 2019 Archives

Financial changes brought on by divorce

Whether a parent has to spend less time with their children, or someone struggles with the emotional impact of a divorce, there are all sorts of ways in which life can change when a marriage comes to an end. Various divorce issues, such as property division, alimony and child support, can also have a significant impact on one's financial life. As a result, it is crucial for people to do their best to prepare for the financial changes that may lie ahead as they approach their divorce.

A professional appraisal is essential for personal property

At Weinberg & Cooper, LLC, in New Jersey, we understand how complex a divorce can be when spouses own personal property that has significant value. It is often not as simple as you and your spouse agreeing it is fair for each of you to keep your personal property. If your spouse's antique furniture is worth four times the value of your art collection, your spouse should allow you to keep other assets to balance out the difference.

When is mediation not advisable?

Many couples in New Jersey look to mediation for a simplified divorce process. While this is a very effective option for some people, for others it may not be as beneficial. If you're considering mediation, Lifehacker offers a few examples of when traditional divorce might be the preferred choice. 

How to have a peaceful divorce without losing your assets

Divorces in New Jersey can be a tense and emotional affair. Often, to keep the peace, the breadwinner in the relationship may opt to let the other partner take them for everything they are worth. Similarly, the person who is not the breadwinner may opt to decrease the tension by choosing not to stand their ground when it comes to alimony, child support and retirement planning.

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Weinberg & Cooper, LLC - family law attorney

Weinberg & Cooper, LLC
One University Plaza, Suite 516
Hackensack, NJ 07601

Phone: 201-580-3934
Fax: 201-487-7006
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