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April 2016 Archives

Spouses hide assets before divorce in several ways

One of the most complicated parts of a divorce proceeding in New Jersey is addressing the divorcing couple's finances. In some cases, one of the spouses moves money around, which essentially robs the other party of his or her financial freedom in a divorce situation. A spouse can hide assets in multiple ways prior to filing for divorce.

Social Security benefits impacted by divorce

Not all people in New Jersey who are married understand how Social Security retirement benefits work with regard to marriage and divorce. However, it is important to master an understanding of this, particularly for those who are planning to get a divorce and have been married 10 years or longer. This is because a person who has been married 10 years or more and gets divorced may be eligible to later receive Social Security benefits based on his or her ex-spouse's work record.

Protect the well-being of your children during divorce

New Jersey readers know that divorce is hard, particularly on the children. There are many ways that parents can alleviate some of impact on the children, even when there are complex and difficult issues between them. By working together, parents can provide the stability and security that kids need during the stressful divorce process.

Prenuptial agreement may help to protect business during divorce

People in New Jersey who start businesses usually do not anticipate getting divorced down the road. Unfortunately, divorce can have an adverse effect on a person's business financially, causing the business to die with the marriage. A prenuptial agreement created before marriage can help a person to safeguard his or her business's assets before he or she walks down the aisle.