With Thanksgiving coming up followed swiftly by the holiday season, year-end anticipation is about to begin for most people. However, the holidays may prove to be less than exciting for shaky marriages, and January is prime time for divorce filings.
A survey of troubled marriages
As a parent of a New Jersey child who is no longer in a relationship with your child’s other parent, a time may come when you wish to relocate to another state. Maybe you have a new job opportunity, or perhaps you want your child to reap the benefits of living closer to more of your family members. Conversely, if you are co-parenting in New Jersey, a time may come when your former partner wishes to relocate to another state with your child, but you object to him or her doing so.
Regardless of which side of the coin you fall on, there are certain circumstances that must exist for one parent to relocate to another state with a child when the child’s other parent objects to the move.
The subject of divorce contains many myths, some as a result of the process being different for every couple. One of these myths is that litigation is the only way (or at least the best way) to resolve high-asset divorces and that alternative methods such as mediation are most effective for those with simple cases.
Naturally, any method will be easier when the marriage has few variables such as children and money. However, mediation is just as productive for couples with lots of complex marital property.
Divorce is a stressful and strenuous process, and it is only worse if you happen to be battling for custody, too. Divorce and custody often have financial components that the court takes into account. If one or both of the parents involved in a custody case have high income or assets, it is reasonable to wonder what impact this will have on the process and outcome of your petition for custody.
Consider the following three factors in a custody case that a parent's income can affect. Whether you are the primary breadwinner or you and your ex both earned high incomes, you should be aware of the following as you enter the process of petitioning for custody.
Facing a divorce brings many emotional and logistical challenges, not the least of which are those regarding finances. Especially if you are the primary breadwinner in the couple and have supported your spouse through the marriage, you may be particularly concerned about the distribution of your assets following divorce.
There are numerous steps you can take to protect your assets as you face a dissolving marriage. Advance planning and cool-headed thinking can save you from making rash emotional decisions that you may regret later.
As a high-asset Sussex County or Warren County resident, you know how crucial it is to take measures to mitigate the risks that jeopardize your wealth and investments. One of them is requiring your fiancé to sign a prenuptial contract before you agree to set a date for the ceremony. Prenuptial contracts are enforceable in divorce court if the judge signs off on them. However, there are other measures you can take to keep your wealth intact in a high-asset divorce.
High-value divorces are tricky because they involve a significant amount of assets and parties believe the laws of equitable distribution do not apply to their situations. Here are a few more considerations about high-asset divorces and property division.
After deciding to end your marriage, the next big hurdle you and your spouse face is property division, which can be complicated, especially in a high-asset divorce.
Advanced planning is essential, and you would be wise to make a list of marital assets. Here are six you may not have thought about.
If you live in the Sussex and Warren County area and are in a high-value marriage and thinking about divorce, you do not want to rush and make rash decisions. When there are high-value assets at stake, it is not always easy to settle a divorce. Issues are likely to arise when it is time to decide the division of marital assets, child custody, and alimony and child support.
You might be feeling many emotions as you struggle to come to terms with the situation. Your feelings can affect your thinking and cause you to make mistakes during the divorce process that could lead to an unfavorable outcome. There is nothing wrong with you feeling angry and confused. Stay calm and consider the following high-value divorce mistakes to avoid.
Divorce is an extensive process where two people who have become one must separate into individuals again. One of the most intricate parts of the process is the division of property.
A critical aspect of property division is the classification of the assets. There are specific characteristics that help to determine this.
Spouses who are getting their finances in order in anticipation of a divorce are likely considering the issue of alimony and child support payments. As both of these can depend a great deal on the spouses' respective incomes, many divorce cases end up including some major disputes about the extent of these incomes.
Frequently, each spouse argues that the other has a higher income than he or she claims. In some situations, the court may decide to impute income. This means the court arrives at an amount it officially considers a normal income level for this spouse.
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