Divorce is a difficult process that involves many decisions, including how to divide marital assets and debts. Marital debt can include credit cards, loans, mortgages, and other debts that were incurred during the marriage. In New Jersey, marital debt is divided equitably during a divorce, which means that each spouse will be responsible for paying a portion of the debt. So, … [Read more...] about What Happens To Joint Credit Cards When You Divorce?
Can A Prenup Prevent Alimony in New Jersey?
A prenuptial agreement, colloquially known as a prenup, is a legal contract that couples can enter into before getting married. The agreement outlines how the couple's assets will be divided in the event of a divorce or separation. Having a prenuptial in place can reduce conflicts during a future divorce while protecting each party’s personal assets and their family’s assets … [Read more...] about Can A Prenup Prevent Alimony in New Jersey?
5 Reasons Why Second and Third Marriages Are More Prone to Divorce
We’ve all heard the claim that almost half of all marriages in the U.S. end in divorce. But did you know that statistic is even higher for subsequent marriages? In fact, 67% of second marriages and 74% of third marriages end in divorce. That doesn’t exactly make you want to run to the altar. In fact, it leaves many couples who are experiencing a second chance at love … [Read more...] about 5 Reasons Why Second and Third Marriages Are More Prone to Divorce
Do I Have to Pay the Bills during Divorce?
Most divorces are fraught with difficult issues and questions, especially where financial matters are involved. Perhaps no question is more troublesome to clients than who is responsible for paying the bills during the divorce. Your mortgage payment or rent, utilities, credit card payments, and bank and auto loans must all be paid on time despite the emotional turmoil you’re … [Read more...] about Do I Have to Pay the Bills during Divorce?
Can My Spouse Spend Our Assets While the Divorce Is Pending?
If you’re getting divorced without any assets, you and your spouse probably aren’t worried about each other frivolously spending money during the divorce process. However, if you’re going through a high-asset divorce, you may already be seeing your spouse engage in irresponsible financial behavior without any regard for the future. Are you confused about what your spouse is … [Read more...] about Can My Spouse Spend Our Assets While the Divorce Is Pending?
