Posts tagged "Divorce"

Divorce rate on the decline

For many years, married couples in New Jersey and elsewhere have heard that half of marital unions end prematurely. However, new research shows that this is not true anymore. Researchers said that, in reality, the rate of divorce dropped by 18 percent between 2008 and 2016.

Planning for college savings essential during divorce

Getting divorced in New Jersey can certainly have an impact on the spouses going through it, but it can also affect the children. One aspect of caring for children post divorce that is sometimes neglected during the divorce process is how to pay for their college education. Parents going through divorce would be wise to tackle this matter during their divorce proceeding to prevent conflicts regarding it in the future.  It is customary for parties to avoid addressing that issue in a resolution of a divorce until the childen are near completion of their school.

Business assets at stake during company owner's divorce

During the marital dissolution process in New Jersey, property division can understandably be a major source of conflict between two spouses. This is especially true when a high-value asset, such as a business, is at stake. Here is a look at what business owners can do to safeguard their business assets from a divorce.

"Grey's Anatomy" star Jesse Williams facing problems post divorce

Doctor Jackson Avery is a main character on the TV drama series, "Grey's Anatomy." The man who plays Avery is actor Jesse Williams. New Jersey fans of the show may be aware that Williams is currently entangled in a bitter post-divorce dispute with his former wife.  

More women covering child support, alimony following divorce

An increasing number of women in New Jersey are earning college degrees and making money in the workplace today than in years past. As a result, more of them are also having to pay up when it comes to alimony and child support following divorce proceedings. In fact, a recent survey revealed that more than half of attorneys had seen a spike in the number of mothers making child support payments.

Baby boomers embrace divorce for a variety of reasons

Marital breakups in New Jersey can easily happen when two people do not see eye to eye on how their relationship should go. This can happen just as easily for two 50-year-old individuals as it can for two 20-year-old individuals. Here is a look at a few reasons why baby boomers in particular have chosen to embrace divorce.

Future loss of alimony deduction may complicate divorce

Ending a New Jersey marriage is not easy for either party. Still, the spouse who earned less in the marriage may feel particularly nervous about his or her financial future following divorce. Fortunately for this party, alimony exists in an effort to bridge the financial gap and help that individual stay afloat financially. The problem, though, is that the alimony deduction that currently exists for paying spouses will soon disappear, which may have an adverse impact on both spouses.

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.

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