Newton Family Law Blog

How a forensic accountant can help in a high-asset divorce

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.

Should divorcing business owners litigate or mediate?

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.

What you should know about parental alienation and custody

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. 

3 major benefits of divorce mediation

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.

Important aspects of New Jersey's relocation law

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. 

The role of employability experts in divorce and child custody

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. 

Valuing art before a high-asset divorce

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. 

Mid-life divorce and overcoming future financial fears

You may have had a long marriage that is now coming to an end. Over the years, you and your soon-to-be-ex have accumulated considerable assets.

Despite the wealth, the vision you once had for your retirement is also coming to an end and in its place is anxiety. How can you get around the fear that you will not have enough to live on after the divorce?

Understanding how alimony works in New Jersey

Chances are, you did not enter into a New Jersey marriage thinking that it would one day come to an end, but regrettably, many American marriages ultimately end in divorce. If you count yourself among those who sacrificed your career or education so that your spouse can pursue his or hers, or if you have become accustomed to a certain lifestyle during your marriage, you may have cause to seek alimony.

So, how can you determine whether you might be able to get alimony in your New Jersey divorce?

How to get your share of stock options in a divorce

The division of assets in a divorce can be contentious and complicated, even when it is only the family home and retirement accounts at stake. If valuing common assets can lead to disputes, imagine what can happen in a financially complex situation. Stock options are some of the most difficult assets to value and split in a divorce.

As a refresher, some employers grant employees the right to purchase company stock in the future at a set price. This allows the employee to buy the stock at a cheaper price and sell it for a significant profit. If your spouse has stock options, here are some tips for handling these assets during your divorce.

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