| Read Time: 2 minutes | Divorce

How Is a Business Acquired During a Marriage Handled When Divorcing?

Valuing the marital estate is often difficult. It is even more challenging when one or both spouses acquire a business during the marriage. You would likely need valuation experts and must hire an attorney. Since the business was acquired during the marriage, it would not be subject to a prenuptial agreement. The two parties would not have a predetermined...

Continue Reading
| Read Time: 3 minutes | Divorce

Does Receiving Alimony or Child Support Count as Income?

The Tax Cuts and Job Cuts Act of 2017 (TCJA) significantly changed the tax treatment of alimony under federal law. Previously, the spouse receiving alimony had to declare it as income on their tax return, and they were responsible for paying taxes. The paying spouse could take the alimony as an above-the-line deduction, meaning they could reduce their income...

Continue Reading
| Read Time: 2 minutes | Divorce

Do I Need a Lawyer if My Spouse Abandoned Our Marriage?

Sometimes, one spouse either moves out of the marital home or feels like they have no choice but to do so. Whether there was a justification for the move is critical. If there was, one spouse might have grounds for divorce. In most cases, New Jersey divorces are either based on an 18-month separation period or irreconcilable differences that...

Continue Reading
| Read Time: 3 minutes | Divorce

Will a Divorce Affect My Credit Score?

Your ability or inability to borrow money may impact your life after divorce. Your credit score can dictate whether you can get credit cards, car loans, or take out a mortgage. While divorce does not automatically lower your credit score, what happens during the process could. You must be careful to monitor your credit and protect yourself from unwanted...

Continue Reading
| Read Time: 2 minutes | Divorce

What Is the Quickest Way to Get a Divorce in New Jersey?

Once the decision to get a divorce has been made, one or both parties often wonder how they can resolve their issues and reach a final settlement as quickly as possible. While the timeline for getting a divorce is different for every couple, some steps can be taken to expedite the process. Several factors can prolong the process, including...

Continue Reading
| Read Time: 2 minutes | Divorce

Will My Alimony Payments Continue if I Move in With Someone Else?

If you get remarried or live with someone else, your alimony payments could end. However, not every living arrangement would automatically be considered cohabitation under New Jersey law. Everything would depend on the facts and circumstances of your situation. A lawyer could explain what may put your continued spousal support payments at risk. A dating relationship alone is not...

Continue Reading
| Read Time: 3 minutes | Divorce

Do We Need to Sell Our Family Home When Divorcing?

When a couple files for divorce, several important issues must be resolved, including custody and child support, spousal support, and the distribution of marital property. When it comes to marital property, the family home is often the most significant asset, yet dividing the marital home can be complicated. Unlike community property states which automatically split all marital assets equally...

Continue Reading
| Read Time: 2 minutes | Divorce

How Do I Tell My Spouse That I Want a Divorce?

If you have decided to get a divorce, this can be a difficult conversation to have with your spouse. However, the more prepared you are, the better the conversation is likely to go. In New Jersey, even if your spouse does not want a divorce and refuses to accept or respond to the legal documents, the court will make...

Continue Reading
| Read Time: 3 minutes | Divorce

Is There Anything I Should Do Before Filing for Divorce?

Many people feel overwhelmed by the divorce process. However, once you have made the decision to divorce, getting organized and prepared for the days to come can help eliminate some of the stress. There are many steps you can take before filing for divorce that can help you gain an overall picture of where you stand and help prepare...

Continue Reading
| Read Time: 3 minutes | Divorce

What Are the New Jersey Child Custody Laws?

When parents end their relationship, they need to allocate responsibility for the care of their shared children. However, a child custody matter can be contentious. Plus, New Jersey child custody laws can seem complicated and confusing.  Below, the experienced child custody attorneys at Wiley Lavender Maknoor, PC, provide general information on New Jersey laws on child custody. If you’re...

Continue Reading