Heymann & Fletcher

September 2019 Archives

How divorce can affect a credit score

Divorce is often a very tough time in a person's life. Dealing with the end of a marriage doesn't just have emotional implications -- it can also affect a person's finances. Though many people understand that a divorce generally results in a division of marital assets, they may assume that is the only way divorce influences one's financial future. Unfortunately, there is one problem that many people here in New Jersey may not know about. Divorce can negatively affect a person's credit score.

Survivors of domestic violence need time off work

Survivors of domestic violence often feel as though they have no way out of their situation. Sometimes, even when they know they should leave their abuser, it is financially difficult for them to do so. Perhaps their abuser controls the finances, or survivors don't have their own means to generate income, or survivors feel that they can't take needed time off from work. Fortunately, the state of New Jersey has a paid leave policy to help survivors of domestic violence. That policy and others like it around the nation are inspiring other municipalities to follow suit.

Grandparents' rights: Grandparents as caregivers on the rise

Families in New Jersey come in all shapes and sizes and are brought together for many different reasons. One type of family that is becoming more common these days includes grandparents who are the primary caregivers for their grandchildren. Though they may love their grandkids and are happy to provide for them, this family dynamic presents its own unique challenges. Navigating grandparents' rights can be difficult even as the outcome is so rewarding.

Does socioeconomic status predict divorce?

Those who have been through a divorce will probably say that there were several factors that influenced the decline of their marriage. One common reason that many couples in New Jersey cite is money. Many experts have long believed that people who are economically-disadvantaged may have a higher risk of divorce. A recent study decided to look at that theory and determine if any other factors may be involved.

Divorce doesn't have to affect productivity

In an ideal world, a person getting a divorce would have all the necessary time to devote to the process. For people with careers, this is not always an option. Many people in New Jersey worry that a divorce may interfere with their work and that sometimes actually happens. However, it is not always true and experts have several tips for people who want to maintain a high level of productivity during their divorce proceedings.

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