If you are facing a high-net-worth divorce, you would probably prefer to keep it quiet. After all, divorce is a private matter between two people.
When you opt for litigation, you go to court, and your divorce proceeding is open to public scrutiny. However, mediation may be an option for you and your spouse, and privacy is one of its benefits.
Both you and your spouse likely have a general idea of how much you can earn in any given year. If your marriage is heading for an inevitable divorce, though, your and your spouse’s earning potential is apt to become increasingly important. Still, the two of you may not agree on the matter.
A vocational specialist uses a variety of metrics to calculate a person’s earning capacity. The specialist’s findings may help a judge calculate spousal or child support. Alternatively, you may choose to use a vocational specialist’s report to negotiate these or other matters with your soon-to-be ex-spouse. Here are three times when talking to a vocational specialist usually makes sense.
Mediation has become a popular alternative to traditional divorce in court. One reason is that this is a private process ideal for developing workable parenting plans.
While preparing for your mediation session, remember to jot down your thoughts and preferences regarding child custody and parenting time.
If you and your spouse are anticipating a complicated divorce due to the complex nature of your assets, you are probably concerned about the possibility of a contentious courtroom battle.
High income and complex assets should not deter you from choosing mediation as a private and less stressful divorce option. Outside professionals, including a forensic accountant, can join your legal team.
If you and your spouse have decided to divorce, you are probably dreading a court battle over the business you own.
Your focus may be on litigation, but that is not your only option. Facts show that even couples facing a high-asset divorce feel impressed by the mediation process and pleased with the outcome.
Marriages end for a seemingly endless number of reasons. Even though you have decided to divorce your spouse, you want what is best for your kids. After all, the parent-child relationship is one of the most significant in society. Still, in addition to divvying up marital property, you must work through custody issues.
In New Jersey, divorcing parents must address both physical and legal custody of the kids. While you and your soon-to-be-ex-spouse have options, you do not want an unscrupulous spouse to try to destroy your relationship with your children. If that happens, you may need to mediate the matter or ask a judge to intervene.
When you and your former partner have particularly valuable assets, or when at least one of you has an especially high income, you may need to work through a wide variety of financial and other matters once you decide to go your separate ways. Even former couples involved in high-asset divorces may find that they can avoid spending a good portion of what they have worked hard to amass by opting for divorce mediation, as opposed to a traditional courtroom divorce.
Unless the relationship between you and your ex has become so acrimonious that there is little hope of you ever working together, you may find that working through asset division and other matters using a third-party mediator offers the following benefits.
Determining child custody is an important aspect of the divorce process for parents who share children. Understanding how the courts view this decision may aid parties in knowing the best course of action they should take.
The state of New Jersey has changed its policies over the years regarding relocation of a child from a non-custodial parent. For parents undergoing a divorce, there are a few important aspects to know about the state's relocation law.
If you are planning for a divorce or child custody dispute, you are apt to feel a variety of emotions. While you may expect to feel sad or angry, you may also experience some confusion. Put simply, New Jersey family law can be incredibly complex. While an experienced attorney can coach you, you are likely to encounter certain surprises. An employability expert may be one of them.
New Jersey’s alimony and child support statutes both address an individual’s earning capacity. That is, when determining spousal or child support, the judge in your case likely wants to know how much you and your soon-to-be ex-spouse can earn. If this is either in dispute or tough to discern, you may need to hire an employability expert to provide an opinion.
There are many reasons to collect artwork. Whether art is your passion, you enjoy collecting interesting pieces or you are planning for the future, you and your spouse may have assembled a notable collection during your marriage. If you are heading for divorce court, though, you likely have to think about what happens to your art during your high-asset divorce.
In New Jersey, judges use an equitable standard when deciding how to distribute marital property. As such, the judge in your matter has jurisdiction to determine how to deal with the artwork that jointly belongs to you and your spouse. Whether you plan to sell the art and split the proceeds or keep it and pay your spouse a fair share of the income, you must know how much your artwork is worth.
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