The IRS has extended the deadline for filing your returns to July because of the coronavirus pandemic and it also gives men and fathers in New Jersey who are considering or starting the divorce process an extra three months to plan for the tax consequences of your marital breakup. We are not tax lawyers or […]
When I first began practicing family law, nearly all of the income and assets in a marriage were acquired by the husband. Today, with a growing number of women owning successful businesses or holding high-powered, high-paying executive positions, it’s not uncommon for the wife to be as well-off financially as her husband. As a result, […]
Most divorces are fraught with difficult issues and questions, especially where financial matters are involved. In my years of practicing family law focusing on men and fathers getting divorced, perhaps no question is more troublesome to clients than who is responsible for paying the bills: Everything from the mortgage or rent, utilities, credit cards and […]
From time to time, I tell a new client that there are some things in their life they do not need to disclose in a divorce if their wife doesn’t know about them. An extra-marital affair is an example. But one thing I tell every client regardless of the reasons behind the breakdown of a marriage: Do not ever try hiding income or assets during the divorce process.
Traditionally, attempting to hide assets and income from a spouse during a divorce was something men did because they were the sole breadwinner in a family. But as more women own businesses or have careers with responsible, well-paying jobs, we’re finding that as often as men tried in the past to hide income or assets, […]