A New Jersey business owner entering into the divorce process will learn that business assets could very well be counted among marital property and thus subject to division. To provide some level of protection in the event of a divorce, business owners are looking to prenuptial agreements before marriage. This document will spell out the ownership of the business assets and establish what claim, if any, a future spouse might have. Partners and other shareholders appreciate these legalities because they offer some assurances about the future.
Although financial fraud is not a common issue in divorces, if someone seeing a lot of red flags, such as the other spouse being vague or evasive about income or assets, it may be a good idea to have a forensic accountant take a look at the situation. While a spouse may not be trying to hide income from the government, it could represent an attempt to keep the other spouse from receiving a fair share of marital assets.
New Jersey residents who are going through a divorce may wonder whether they need to hire a lawyer or if they can do it themselves. One good reason to hire a divorce lawyer is because if the case does go to court, an individual is likely to be unfamiliar with the ins and outs of matrimonial law. Not being a lawyer does not excuse a person who has chosen to represent themselves from being prepared.
Many New Jersey couples who are contemplating a divorce may not understand how complicated the process can be. There may be concerns about financial aspects and debates on how property will be divided. Having a basic foundation of what to expect when it comes to finances can help as the process moves forward.
In the not-so-distant past, couples in New Jersey and around the country that had a baby before they were married had a higher chance of getting a divorce later on. However, a new study by the Council on Contemporary Families has found that getting married after having children is no longer the strong predictor of divorce that it once was.
When New Jersey parents with young children are going through a divorce, they in most cases must figure out a custody agreement that involves forming a parenting plan and schedule. While this is intended to make things easier for both children and their parents, an initial agreement might not work out as well as one hopes. The time when kids go back to school gives parents a chance to evaluate how a custody arrangement is faring.
As New Jersey parents face off over child custody matters, they may want to consider the impact their social media accounts could have on official decisions. Although a profile may be private, a New York judge has required that the login credentials for a woman's account be provided in connection with the custody case involving her 4-year-old son. The father in the case has alleged that he is the primary caregiver for the child.
A New Jersey resident who is contemplating a divorce will often want to obtain the assistance of an attorney. It is important to do this well in advance of any court proceedings to allow the attorney enough time to become familiar with the case. Before doing any of this, however, the attorney will always check that no conflicts of interest exist that would prevent him or her from representing the client.
Going through a divorce is often difficult for New Jersey residents, and some of them may find the process easier to navigate when they are able to differentiate between emotional and practical matters. It is often said that marriage is about love while divorce is about money, and spouses may find it easier to cope with the emotional challenges of a new life when they feel more confident about their financial situation.
New Jersey residents may be interested to learn that reality TV stars Kourtney Kardashian and Scott Disick confirmed on July 6 that they have parted ways. The couple has three children, who are ages 5, 2 and 7 months.