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Categories for: Division of Assets

Handling Distribution of Country Club Memberships in Divorce in Passaic County, NJ
Posted in: Division of Assets Divorce Family Law

Managing Country Club Memberships in NJ Divorce

January 20, 2023

Given That Country Club Memberships Are Viewed As Marital Property, The Parties Involved Must Reach An Agreement Regarding Their Distribution. Country clubs are great places to practice your backhand, breaststroke, dart, or putting skills. Country clubs are private.  Members pay initiation fees of anywhere from $10,000 to $1,000,000 and a yearly fee of $5,000 to $150,000 to enjoy haute cuisine, fine wines and spirits, dance lessons, fitness rooms, and more.  Getting into a country club is no walk on the […]

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Managing Medical Bills in Divorce in Passaic County, NJ
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances

Addressing Outstanding Medical Expenses in a NJ Divorce

January 15, 2023

Considerations to Determine How Medical Bills will be Assigned in Divorce in New Jersey In New Jersey divorces, all assets and debts are subject to equitable division, either by the parties’ agreement or by a family law judge if the parties cannot agree. While most parties and judges agree that a debt incurred for the benefit of only one of the spouses during the marriage should go to the party that benefited from it, medical bills are the exception to […]

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Understanding Cryptocurrency Division in a Divorce Context in NJ
Posted in: Division of Assets Divorce Family Law Finances

Cryptocurrency Challenges in Divorce Distribution in New Jersey

November 30, 2022

As Cryptocurrency Gains Popularity, More Divorcing Couples Need to Include it During the Asset Division Process. There are many factors that go into the finalization of a divorce. One of the major procedures that can be the most complex is the distribution of assets. New Jersey is an equitable distribution state, which means that fair division of the couple’s marital assets depends on a number of points, including each partner’s income, earning potential, role in the marriage, age, health, and […]

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Understanding How Stock Options and Restricted Stock Units Work in New Jersey
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances Mediation

Managing Unvested and Restricted Stock Options in a Divorce in NJ

July 14, 2022

Unvested and Restricted Stock Options’ Value is Determined by Numerous Factors That Can Make the Asset Division a Complicated Process in NJ Divorce. Besides working out what’s best for the children, property division can be the most challenging part of a divorce. Evaluating cash businesses, executive bonuses, and stock options are not always straightforward and may require professional help. Often, a company may offer key employees incentives to stay with the company and work hard to make the company profitable. […]

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Gambling and Its Impact on Divorce and Financial Consequences in New Jersey
Posted in: Division of Assets Divorce Family Law Finances Mediation

Gambling Issues in a Divorce Context in New Jersey

July 4, 2022

Dealing with a Spouse with Gambling Addiction May Lead to Divorce and Carry Severe Financial Consequences Compulsive gambling or gambling disorder generally refers to an individual who is unable to control the urge to gamble despite the many consequences. A person can form a gambling disorder through online gambling, poker, roulette, blackjack, slot machines (slots), or any other casino game. In addition, gambling may include sports betting and other forms of wagering money on unpredictable events, competitions, or games. Similar […]

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