The process of dissolving a marriage in New Jersey can be emotionally and financially unsettling. Unfortunately, sometimes divorce is inevitable. A few tips may help with tackling the issues that often spring up in divorce proceedings, such as asset division and child custody.
When it comes to asset division, knowing both one’s assets and one’s debts thoroughly is important. Gathering documents such as those related to IRAs, 401(k)s, W-2s, 1099s and pensions is critical, as is collecting financial statements that are sent at the end of each year. Running a credit report on both spouses can also be helpful for determining credit scores, which affect one’s ability to borrow.
As far as the children are concerned, putting their needs first is critical. This involves studying their activities and schedules and taking this information into consideration when making decisions related to child custody. Such information is also important to consider when addressing visitation options as well.
The dissolution of a marriage can inherently be difficult to manage and confusing. A lot of information must be processed, with much of this information being fact specific. Fortunately, an attorney can provide guidance during each stage of the process in New Jersey, whether divorce matters are going before a judge at trial or will be addressed at the negotiation table. Alternative dispute resolution options like mediation or collaborative divorce may also be considered. The attorney will strive to help achieve a binding, comprehensive and fair settlement while (most importantly) taking into consideration the best interests of any children involved.
Source: dmagazine.com, “A Successful Divorce? It’s Possible.“, Michael Wysocki, Sept. 1, 2107