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Categories for: Division of Assets

Constructive Trusts Attorneys in Passaic County, NJ
Posted in: Alimony Child Support Division of Assets Divorce Equitable Distribution Estate Planning Family Law

The Role of Constructive Trusts in Family Law Matters

September 29, 2023

Constructive Trusts as a Way to Secure Family Law Financial Obligations Such as Child Support or Alimony in Wayne, Clifton, Woodland Park, Montclair, West Orange, and New Jersey A constructive trust, or Callahan trust, is a court-created legal construct requiring one who holds property through unjust or illegal means, such as theft, fraud, or mistake, to maintain it until it is returned to its rightful owner. It is not an actual trust with a trustee but a legal fiction to […]

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There´s a list of Aspects to Examine when It Comes to Split the Funds of a Personal Injury Settlement in New Jersey
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances

Determining the Distribution of a Personal Injury Settlement in Your New Jersey Divorce Case

August 16, 2023

Distributing Funds from Personal Injury Settlement During a Divorce Can Turn into a Complex Endeavor Because of the Various That Factors that Influence the Process. Getting a divorce can be an exhausting, stressful process, especially when dealing with finances.  Because New Jersey divides the assets using equitable distribution rather than a flat 50-50 rate, separate and marital assets must be determined before anything can be allotted to the spouses.  When it comes to splitting a personal injury settlement, the court […]

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Our Divorce Attorneys Present the Different Options to Address Division of Art Collections in Passaic County, NJ
Posted in: Division of Assets Divorce Equitable Distribution Family Law

Distribution of Art Collections in Divorce, More Than a Black and White Decision

July 23, 2023

Dividing an Art Collection During a Divorce Can Be a Complicated Process, Since These can be Both Financial and Sentimental Assets Divorce is difficult for a number of reasons, but one reason that is not readily apparent is the division of marital property. Due to the intense emotions a divorce can bring out of each of the parties involved, distribution of property can be extremely difficult. On top of that, there are certain assets that are extremely complicated when trying […]

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Our Divorce Lawyers Will Present Tailored Solutions to Handle Credit Card Debt in Little Falls
Posted in: Division of Assets Divorce

Creative Approaches to Handle Joint Credit Card Debt in Divorce

June 13, 2023

It is Important to Have a Clear Notion of the Equitable Distribution Principle When It Comes to Dividing Assets in Divorce, Particularly in Relation to Joint Credit Card Debt in New Jersey When people divorce, they are often surprised at how difficult it is to separate a joint household into separate ones. Aside from child custody and support matters, dividing assets and debts can be overwhelming. All the joint car loans, house loans, and credit card purchases over the length […]

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How Couples Navigate the Cost of Living Crisis in New Jersey
Posted in: Division of Assets Divorce Family Law Finances Mediation

Financial Strain and Marital Fracture: The Connection

April 5, 2023

The Current Economic and Cost of Living Situation is Impacting Couples’ Decisions, Such as Having Kids, Postponing Marriage, or Getting Divorced in New Jersey It is no surprise that Americans are paying more for just about everything. Inflation was over 9% in June of 2022; by March 2023, it had decreased somewhat.  Stagnant salaries, hiring freezes, layoffs, bankrupt businesses, and outsourcing have weakened earning potential across the board.  College graduates head out into the workforce with anywhere from $120,000 to […]

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