Getting divorced in New Jersey can be an emotionally and financially tumultuous time no matter how short or long of a time a couple has been married. However, it can be especially stressful the closer a couple is to retirement. Two particular retirement savings vehicles, the IRA and the 401(k), are treated differently during the divorce process.
401(k), IRA treated differently during divorce
Credit score can be affected by divorce process
Going through a marital split-up in New Jersey is never easy no matter how many or few assets a couple has. However, the more assets a couple has -- and the more complex they are -- the greater their chances of running into hurdles during the property division process. Making matters even more complicated is that certain events during a divorce proceeding can cause one's credit score to drop, which can be scary for those who are not prepared for it.
Refinancing can be helpful following divorce
Dissolving a marriage in New Jersey can be a tricky process when the marital home is involved. An imprudent decision regarding the family home can unfortunately have financial consequences that last a long time. Refinancing is often a wise decision when dealing with the marital home during a divorce proceeding for a couple of reasons.
Teacher facing drug charges could use strong criminal defense
A high school teacher in New Jersey was recently taken into custody for committing several drug crimes. The man facing drug charges is 24 years old. A strong criminal defense may help to mitigate the effects of such charges on the man in the short and long terms.
