HOW INSURANCE WORKS AFTER DIVORCE
- July 22, 2024
- Divorce
Insurance protects you and your spouse financially in various aspects of your life. As a married couple, you and your spouse may have been on a health insurance policy together through one of your employers. You most likely named each other as beneficiaries on your life insurance policies too. If you own a home together, you probably have property insurance to cover potential damage to your home and personal belongings. And, you may have paid less in car insurance wi[ ... ]
HOW TO BEGIN DIVORCE IN NEW JERSEY
- July 21, 2024
- Divorce
Many people think that filling out and filing the complaint with the court is the first step to beginning divorce in New Jersey. This is not necessarily true. When you file, you start the formal process of ending your marriage. But before you get to that point, you can start to plan, get educated, and discuss how your divorce proceeds, the issues involved, and your ideal wishes for resolution. By knowing what you want to get in your divorce and being as prepared as y[ ... ]
7 REASONS FOR WHY YOU NEED A WILL BEFORE DIVORCE
- July 20, 2024
- Divorce
Everyone who is divorcing should have a last will and testament as part of their estate plan. It is especially important in a high-net-worth divorce. Without a will, you take a risk that your significant assets will unintentionally go to your soon-to-be ex-spouse rather than to the beneficiaries you want to have them. By not having a will, you can also negatively impact your childre[ ... ]
THE IMPACT OF DIVORCE ON ESTATE PLANNING
- July 19, 2024
- Divorce
Just as it has on other areas of your life, divorce will have a significant impact on your estate plans. Wills, trusts, beneficiary designations, powers of attorney, and advance directives are all affected in divorce. Estate plans should be carefully reviewed as changes to all of these will probably be required to protect your interests and those of your loved ones and reflect life going forward without your spouse. Every divorce situation and estate situat[ ... ]
WHAT HAPPENS TO A TRUST AFTER DIVORCE?
- July 18, 2024
- Divorce
Dividing assets is one of the most trying and complicated issues of divorce for many people. You may have a business, rental properties, retirement savings, and other investments. But what if you have assets held in a trust (or trusts)? What happens to a trust in divorce? The answer is that it depends on the type of trust in question—including whether it is revocable or irrevocable—and whether assets in the trust are considered marital or separate property.[ ... ]
HOW DOES A DIVORCE AFFECT A WILL?
- July 17, 2024
- Divorce
As a person with extensive and complex assets, you have probably put a solid estate plan in place that includes a will to protect your survivors after you die. But how a divorce affects a will is something that people sometimes don’t think about during stressful marriage breakups. They are often too busy worrying about seemingly more immediate things such as dividing assets, how muc[ ... ]
HOW TO PROTECT YOUR ASSETS IN A DIVORCE
- July 16, 2024
- Divorce
Protecting assets in divorce is usually a major concern of affluent individuals. We understand that you also don’t want to completely lose what you have worked so hard to gain. So how do you protect your assets in a divorce? HAVE A PRENUP OR POSTNUP IN PLACE If you entered into an enforceable prenuptial agreement or postnuptial agreement during marriage, the[ ... ]
Protecting Your Privacy Rights During Your Divorce in New Jersey
- May 6, 2024
- Divorce New Jersey Family Law Blog
Divorce is a private matter that many families desire to keep among themselves to limit those from gossiping about the news, or merely to protect loved ones from the emotional turmoil. Technically, divorces in New Jersey are public records but are not as easy to find and search as you would think. Someone has to be searching for you and would have to go to the Courthouse or have an online account to find the case information. How to Maintain Confidentiality[ ... ]
Hackensack Divorce Lawyer Discusses Contested and Uncontested Divorces
- February 19, 2024
- Divorce New Jersey Family Law Blog
What is the difference between contested and uncontested divorce in New Jersey? The basic difference is that in a contested divorce is that there are issues that need to be resolved. In an uncontested divorce, all the issues have been resolved. What are some of the issues that must be resolved in divorce? Decisions must be made regarding dividing assets and property; whether[ ... ]
New Jersey Divorce Lawyer Discusses Divorce Timeframe
- February 19, 2024
- Divorce New Jersey Family Law Blog
One of the first questions asked by many people who are divorcing is “how long will it take?” We wish there was an answer to this that you could concretely rely upon! But there, is not. The time frame for your divorce will depend on all the unique intricacies of your individual situation. Some divorces take just months while others can take a year or more. Typically, the more complex your finances and your marital life, and the more antagonistic your relationsh[ ... ]
