High-asset divorces in New Jersey often involve dividing substantial investment portfolios. Understanding the tax implications of these divisions is essential to protecting financial interests during and after the divorce process. Capital gains taxes Dividing an...
Property Division
What are the key differences in dividing pensions vs. 401(k)s?
Dividing retirement accounts in a divorce can be complex, especially when it involves different types of retirement assets. Traditional pensions and 401(k) plans each come with unique rules and considerations that can impact how to divide them. Understanding...
What if someone feels entitled to more assets in a divorce?
Divorce often brings complex emotions, especially when it comes to dividing assets. In New Jersey, specific rules guide how marital property gets divided. However, the process can become contentious when one spouse believes they deserve more than the other. For...
Can IP asset valuation change the outcome of property division?
Intellectual property (IP) assets, such as patents, trademarks, and copyrights, hold significant value. The valuation of these assets plays a crucial role in property division during divorce proceedings. Properly assessing the worth of IP assets can impact the...
Can creditors go after you for your former spouse’s overdue debt?
Property division is essential to the divorce process, allowing the involved parties divide assets and liabilities, including debt. After finalization, it can be easy to determine who will be responsible for which debt. However, it may be more complex when a collector...
Is it possible to retain your business after a divorce?
Thanks to the state's equitable distribution provisions, yes, it is possible to retain your business after a divorce in New Jersey. The courts divide marital assets, including businesses, in a manner that they consider fair, which doesn't always mean equally. Instead,...
Divorcing with a prenuptial agreement
When couples enter a marriage, they often think about the positives of the union. However, we know that no marriage is perfect, and problems can arise. No happy couple wants to think about the possibility of divorce prior to marriage, but it can be a wise thing to do....
How contributing to a spouse’s career impacts property division
New Jersey residents who have achieved significant success will often credit their loved ones with helping them in their advancement. However, during divorce some of these same people argue about how much their spouse really contributed, and how much they are entitled...
Basic rules of property division in a New Jersey divorce
For New Jersey couples contemplating divorce, the subject of property division is one of the most problematic concerns. Having a basic grasp of how marital assets are divided in a New Jersey divorce can help both parties set reasonable expectations for how their...
How is the family home divided in a divorce?
When a Hackensack area couple decides they are going to get a divorce it has been a process to get to this point. A divorce is an incredibly emotional affair with many complicated issues that need to get worked out. One of the most contentious areas of a divorce is...