Atlantic City Legal Blog

Financial advisor could offer assistance during divorce process

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Divorce on Wednesday, May 27, 2020.

The marital breakup process can understandably be complex from an emotional standpoint. However, it can be just as challenging financially in New Jersey. In light of this, seeking the assistance of a financial advisor at the start of a divorce proceeding is generally a wise idea.

A financial advisor can first help a divorcing individual to determine the best way to fulfill his or her immediate needs financially. For instance, keeping cash assets may be more beneficial than keeping the marital home as part of the divorce settlement, as a house is not a liquid asset. Investments are likewise illiquid assets that come with tax consequences when sold.

Can a child under 18 become a legal adult?

On behalf of Law Offices of Michael H. Schreiber, L.L.C. on Thursday, May 21, 2020.

In New Jersey, minors are legally considered children until turning 18. This means that a teenager will not be able to sign a legally binding contract or engage in any activities that require a parent's permission without obtaining their consent. This can be very limiting for teenagers who do not have the support of their parents.

In some situations, however, teenagers can go through the process of emancipation so that they can legally become an adult before their 18th birthday. This can help teenagers to get their own accommodations and live independently of their parents sooner. It will also mean that they will become financially independent.

Forensic accountant may help during divorce involving business

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Divorce on Tuesday, May 19, 2020.

Navigating a marital dissolution is never an easy process. However, owning a business while going through divorce makes the process that much more complicated. In light of this, New Jersey business owners may want to enlist the help of a forensic accountant as they proceed with the divorce process.

In general, business owners should ideally separate their personal cash and their business cash when engaging in transactions. The reason for this is that keeping these funds separated may help with the processing of valuing the business and determining the two parties' incomes. This information has an influence on divorce matters such as asset division and alimony.

Financial planning important following divorce

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Divorce on Tuesday, May 12, 2020.

The process of getting divorced in New Jersey can unfortunately deal a blow to an individual's financial situation. This, in turn, can have a negative impact on his or her ability to retire. Fortunately, a couple of tips may help individuals who are going through divorce to protect themselves financially in the long run.

For starters, it is generally good for people who have gone through divorce to stock up on stocks. Stocks remain an essential part of many portfolios, even when a person is in retirement. Thus, it may behoove divorced parties to maintain portions of their savings in stocks, as this will help to counteract the effects of inflation. Their main goal should ideally be to keep growing their money while not necessarily risking it.

Criminal defense attorney may help man facing drug, gun charges

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Drug Crimes on Wednesday, May 6, 2020.

A man in New Jersey was recently taken into custody after being accused of committing drug and weapon crimes. The man's arrest came after a police chase on a recent Saturday night. The man will likely need a strong criminal defense to fight these charges in criminal court.

At a little past 11 p.m., police spotted a gray car with a side mirror that was broken as it traveled along a street. When police attempted to pull the car over for a traffic stop, the driver reportedly sped off. The driver then allegedly hit a police motor vehicle and struck a house, after which it caught fire.

Two steps may help with tackling financial aspect of divorce

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Divorce on Monday, April 27, 2020.

At the start of the marital breakup process, it is not uncommon for divorcing individuals to feel lost. They may especially feel confused about how to approach the asset division process in New Jersey. However, two easy steps can help to put them in the best position financially in the years following the divorce proceeding.

The first step is to take a detailed inventory of the property that both parties have acquired in the course of the marriage. This property may range from real estate to retirement savings. Taking such an inventory involves creating a list of each item, how much it is worth and the date on which it was acquired. This information should be available in account statements as well as tax returns.

Financial considerations have an impact on divorce

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Divorce on Tuesday, April 21, 2020.

One of the most complicated parts of getting divorced is determining how to navigate the money and assets that two spouses share. This is true whether the two parties have a few assets or many assets to their names. Fortunately, a couple of tips may help to make this process a little easier during a divorce proceeding in New Jersey.

First, anyone who is contemplating divorce should ideally take into consideration how many years he or she has before retirement. The reason for this is that older individuals may not have as much time to make up any financial losses they incur as a result of the divorce proceeding. These individuals may therefore want to sell the marital home and keep half of the proceeds rather than holding on to the home and giving up other financial assets for it.

Criminal defense attorney can help those facing drug charges

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Drug Crimes on Friday, April 17, 2020.

Two men in New Jersey recently admitted to playing roles in a ring involving drugs. The ring allegedly peddled heroin, cocaine and crack. However, a strong criminal defense can help individuals in this situation to protect their rights and best interests in the criminal justice system.

The two men recently pleaded guilty at separate hearings. They were just two of 12 people charged in connection with the reported drug ring back in September of 2019. According to authorities, the drug network had been in operation since November 2013 or earlier.

Probation violations are serious matters

On behalf of Law Offices of Michael H. Schreiber, L.L.C. on Tuesday, April 14, 2020.

People who have been convicted of a crime will sometimes be sentenced to probation. This program enables them to remain in the community, but they are under the supervision of an officer. There are many conditions that they must meet in order to remain in good standing. Failure to meet these requirements can result in a probation violation.

A probation violation is a serious matter. There are many things that can lead a probation officer to file one. In an effort to avoid facing this charge, any probationer should be honest with their supervising officer and adhere to the terms of probation.

Criminal defense attorney can help man facing conspiracy charge

On behalf of Law Offices of Michael H. Schreiber, L.L.C. posted in Drug Crimes on Monday, April 13, 2020.

A man in New Jersey has been accused of engaging in a conspiracy related to drug trafficking. Specifically, authorities arrested the 35-year-old man in early April for allegedly setting up an illegal drug mill from his apartment. A strong criminal defense will likely be necessary to help the man to combat the charge filed against him.

Police said they arrested the man after discovering that he was allegedly involved in an organization focused on trafficking drugs in New Jersey and a neighboring state. Before arresting him, police searched his home and reportedly recovered several kilograms each of cocaine and heroin. Authorities also reportedly found a total of $100,000.