Inflation Challenges and Child Support Modifications

January 13, 2024

Inflation Reduces the Purchasing Power of Fixed Child Support Amounts, Making It Harder to Cover Everyday Expenses and Activities Crucial for Maintaining Children’s Lifestyles Inflation is an economic condition marked by rising prices, specifically, goods and services growing more expensive than in previous years. The Consumer Price Index measures price increases over a set period. By reviewing prices consumers pay for ordinary goods and services compared to other years, the U.S. Bureau of Labor Statistics calculates inflation rates. Ultimately, inflation means […]

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Skilled Attorneys Offering Insights on Divorce Choices Post New Year in New Jersey
Posted in: Divorce Family Law

New Year’s Resolutions Taking Aim at Divorce Decisions

January 8, 2024

Find out Why January’s Divorce Rate Ranks so High, as People Consider Fresh Starts, Financial Considerations, Maintaining Holiday Harmony, and Emotional Caution in Passaic County, NJ Although January isn’t the month where the most divorces are filed, it is one of the top three, beaten only by March and November. January is seen as a month of new beginnings, tapping the reset button essentially. There are financial reasons, a desire to keep the holidays pleasant, and a hesitance to change […]

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Learn How to Make Smart Choices Regarding Your 529 Savings Plan in a NJ Divorce Context
Posted in: Divorce Finances

Strategies to Safeguard 529 Education Saving Plans in Divorce

January 3, 2024

In Divorce, Questions Arise About the Ownership and Control of a 529 College Savings Plan Intended to Fund a Child’s Education. Find the Answers Here. For many parents, their child attending college is a dream come true, and for some, it’s a requirement. In either case, they often want to provide some or all of the funds required for their child to attain this goal. One of the most popular ways to accomplish this is with a 529 college savings […]

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Child Support Amidst the Challenges of Holiday Gift-Giving

December 30, 2023

While It Might Be Tempting to Use Child Support for Gifts, It Is Important to Keep in Mind That These Payments are Specifically Allocated for the Everyday Needs of the Children Every parent knows that there are a few key times of the year that being a parent is extra expensive, with the back-to-school and holiday seasons topping the list. On Christmas, Hanukkah, and other special holidays, it warms a parent’s heart to see the joy in their children’s eyes […]

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The Fallout of Missing a Custody Hearing

December 25, 2023

Skipping a Child Custody Hearing in New Jersey Means Losing the Opportunity to State Your Case as The Judge Proceeds With the Available Evidence. A New Jersey child custody hearing is an opportunity for both parents of a child to present a case for their legal and residential custodial rights. A custody hearing is when both legal and logistical elements of a co-parenting situation are resolved, such as who will have rights to make decisions regarding the child’s upbringing, medical […]

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