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Categories for: Equitable Distribution

Irreconcilable Differences as Grounds for Divorce in New Jersey
Posted in: Divorce Equitable Distribution Family Law Finances Mediation

Irreconcilable Differences in the Context of New Jersey Divorce

March 4, 2022

Experienced Family Lawyers Discuss Irreconcilables Differences in Divorce in Passaic County NJ In some cases, divorcing individuals in New Jersey choose to state the grounds for their divorce based on fault. Some reasons for fault-based divorce are extreme mental or physical cruelty, adultery, imprisonment, sexual deviancy, drug addiction, institutionalization, or alcoholism. Since marriage is a legal contract of two people joining their lives to share what married people ought to as a union, divorce reasons include conditions and behaviors that […]

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Handling Separate Bank Accounts in a NJ Divorce Process
Posted in: Divorce Equitable Distribution Family Law Finances High Net Worth Divorce Mediation

We Had Separate Accounts: Does it Make a Difference in our NJ Divorce?

February 7, 2022

There are various factors to consider when managing bank accounts and divorce in New Jersey. In those cases, the support of a skilled lawyer becomes of critical importance. It would make sense to the average person that keeping separate bank accounts during a marriage would protect either spouse from having to share those funds as marital property eligible for equitable distribution in a divorce settlement. Unfortunately, that is not always the case in New Jersey. Equitable distribution does not mean […]

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Dealing with Divorce and Bankruptcy in New Jersey
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances

Decision-Making with Bankruptcy and Divorce in New Jersey

January 12, 2022

Dealing with a divorce is already a stressful situation, and if you add bankruptcy to the mix, things get even harder. Divorce and bankruptcy are often causally related. The common denominator between the two is a fresh start. Both procedures allow the petitioner to clear mistakes or unfortunate events that broke the marriage. Often, money problems lead to divorce, and when one or both spouses contemplate divorce, they may consider bankruptcy to discharge debts they cannot possibly pay or can […]

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Debt Division and Divorce Process
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances High Net Worth Divorce Mediation

Debt Division and Divorce Process

December 3, 2021

Dividing debts is usually a key component in the divorce process in New Jersey. Even in amicable relations, approaches can vary. Divorce is expensive. Not only do you split one household into two, but you also may have to pay other professionals to help you through the process in the best manner possible, like lawyers, accountants, and appraisers, for example. And if you ran up lots of debt during the marriage, expect to take on your fair share of the […]

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Filing for Divorce in New Jersey, Which Honors “No-Fault” Divorces
Posted in: Alimony Divorce Equitable Distribution Family Law Finances High Net Worth Divorce Mediation

Filing for Divorce in New Jersey, Which Honors Fault and No Fault Divorces

October 29, 2021

Read on to learn more about fault and no-fault divorces, whether New Jersey is a no-fault state, and how to file for a no-fault divorce in New Jersey. There are a myriad of reasons that two people may decide to legally terminate their marriage. Some of these decisions to end the marriage result in an amicable divorce proceeding, whereas others are much more conflict-ridden. According to New Jersey law, spouses can file for divorce citing specific reasons for the downfall […]

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