March 2018 Archives

Child custody and taxes can be complicated during divorce

The process of getting divorced in New Jersey can understandably be challenging from a financial perspective. This is particularly true for those who have children and, thus, must deal with child custody during their divorce proceeding. One aspect of divorce that can be confusing for those with children is determining who can claim a child as a dependent for tax purposes.

Divorce later in life can have major financial impact

The dissolution of a marriage in New Jersey can unfortunately derail even the most perfectly created retirement plan. This is especially true if the divorce happens late in life. After all, those who go through a marital breakup when they are older have less time to recover financially.

Divorce can be confusing both financially and emotionally

One of the toughest parts of going through a marital breakup is facing an unknown future. After all, divorce is all about untangling two lives both emotionally and financially so that both parties can go their separate ways. However, having a good idea of one's financial situation may help to make the transition to singe life easier in New Jersey.

Family dog Rufus can be a point of contention during divorce

In New Jersey and across the country, nearly 70 percent of households own pets. Thus, the fact that spouses fight over pets during divorce proceedings is likely not surprising. A few tips may help with navigating a divorce proceeding involving a pet.

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