Can My New Jersey Alimony be Taxed?

Can My New Jersey Alimony be Taxed?

After years of marriage, you’re getting divorced. If you earned a lower income than your spouse or if you helped put him or her through school, you might qualify for alimony, the monthly payment intended to help the lower-earning spouse remain financially stable...
What Is Equitable Distribution in Divorce?

What Is Equitable Distribution in Divorce?

You often hear people say that marriage is no more than a contract between two people. In some ways, this is absolutely true. However, marriage is also the life that two people create together. It’s their children and their families. It’s their emotional bond. It’s...
How Is Alimony Calculated in New Jersey?

How Is Alimony Calculated in New Jersey?

Alimony is a term that many recognize, but it’s often misunderstood. Also known as spousal support, alimony is financial support provided to a spouse under specific circumstances during and after a divorce. In New Jersey, there is no set formula for determining the...
The Marital Settlement Agreement Checklist

The Marital Settlement Agreement Checklist

When working through a divorce, you’ll encounter lots of documents, but one stands out above the others in importance: the Marital Settlement Agreement. A marriage settlement agreement is the most critical document drafted by your attorney during your divorce,...
Does Mediation Save Money During A Divorce?

Does Mediation Save Money During A Divorce?

Mediation can be an effective way to get a divorce without a drawn-out court battle, provided you and your spouse can get along well enough to decide all the pertinent issues while compromising. However, where cost is concerned, does it actually save you money?  The...
Child Custody Laws in New Jersey: The Basics

Child Custody Laws in New Jersey: The Basics

Parting ways with a significant other when you’re both parents of a child means that a child custody agreement must be designed. This agreement will determine how custody is divided and will likely also determine child support and the requirements for making decisions...
Common Mistakes to Avoid in Your Marital Settlement Agreement

Common Mistakes to Avoid in Your Marital Settlement Agreement

Divorce is a difficult, emotional event and separating your lives requires some work. As you determine the logistics of your new life without one another, you must also figure out how to divide your assets, liabilities, and income.  Sorting out your finances will be a...
What New Jersey Alimony Laws Mean for You

What New Jersey Alimony Laws Mean for You

Figuring out finances is often at the top of priority list during a divorce. One of the most contested pieces is alimony (also known as spousal support), where the court determines an amount one spouse must provide to the other on a monthly basis. There are many...
What Does the Divorce Mediation Process Look Like?

What Does the Divorce Mediation Process Look Like?

The inevitable emotional roller coaster most people feel during the beginning stages of divorce can be overwhelming. But it doesn’t have to be as stressful or drawn-out as many people think. There are other faster and less difficult options available, referred to as...