New Jersey couples going through divorce are likely to have disputes over how their assets will be divided. Thanks to the increased popularity of cryptocurrency, a growing number of divorcing couples will have even more to consider during the property division process. Dealing with cryptocurrency assets can make the divorce process much more difficult and time-consuming.
Tax returns, pay stubs, and other financial records may provide clues for people in New Jersey who are concerned about a spouse having an affair or hiding assets during a divorce. Changes in spending habits or movement of money around accounts could indicate an attempt to conceal something.
A New Jersey couple going through a divorce may need to split a 401(k) account. To do this, either the couple or a judge will need to decide how the funds will be allocated. The division may not necessarily be 50/50. Next, the couple will need a document called a qualified domestic relations order. This allows a distribution to be made from the plan following divorce without incurring a penalty. However, the people need to be younger than 59.5 and the QDRO must be forwarded to a plan administrator for approval.
Determining whether or not to keep the family home can be one of the biggest decisions a former New Jersey couple may have to make during a divorce. While many former spouses want to keep the family home, especially if there are children involved, there are a few factors that the former couple should consider before making a final decision.
As technology advances, couples are increasingly turning to alternative methods of procreation. Some couples pursue the path of embryo cryopreservation—a process by which an egg is fertilized through in vitro fertilization (IVF) and then frozen. The embryo can then be brought to term whenever the couple decides they’re ready to have a child.
Although many spouses just want to move through a divorce quickly, the decisions made in the proceeding will shape your post-divorce life. Accordingly, it is important to understand the legal consequences of child support and custody obligations, property division rights, and spousal support.
Divorce involves extremely complicated financial issues that usually revolve around property, children, and investments. While not all marriages end in divorce, you should always be in a position to protect your interests and the interests of your children.
A prenuptial agreement refers to an agreement between two spouses that describes the financial consequences of a divorce. Marrying couples who get a prenup are usually dissatisfied with the way divorce law handles the finances of a divorced couple. Unfortunately, many divorced couples miss out on the advantages of a prenup due to the misconception that these agreements are only for the wealthy. If you're getting married, here are a few reasons you should consider getting a prenuptial agreement.
During the merriment of the holidays, many people put off making hard decisions. For those in unhappy marriages, one of such decisions is getting a divorce. However, with the arrival of the New Year, many find that it is time to take action. If you are considering a divorce and a fresh start in the New Year, here are four things that you can do to prepare yourself for the divorce process.