Billionaire Divorce a Lesson in Passive vs. Active Marital Asset Division

Silhouette three oil pumps

Texas oilman Harold Hamm’s $17 billion dollar divorce from his wife of 25 years, Sue Ann, is set to potentially become the largest divorce settlement in history.

But not if Hamm has anything to do with it.

The billionaire, who never signed a prenuptial agreement, is making a bid to protect his high net worth with a little known aspect of marital asset division called active vs. passive assets. Continue reading

Posted in New Jersey Law - Divorce & Separation | Tagged , , , | Leave a comment

Questions to Ask a Divorce Attorney During an Initial Consultation

questions or decision making concept

Once you and your spouse have made the decision to divorce, choosing the attorney who will represent and guide you through the legal process of ending your marriage can be the most important divorce-related decision you’ll make.

Who do you pick? Even if you’ve received a referral to a New Jersey family law attorney from a friend or relative, it’s still critical to check the attorney’s qualifications, including his or her familiarity and expertise with New Jersey family law. The best way to find out what you need to know is to set up a consultation (note: WLG offers a free 1-hour in-person consultation). When you do speak, consider asking a prospective attorney the following specific questions: Continue reading

Posted in New Jersey Divorce Lawyer | Tagged , , | Leave a comment

Hope Solo Domestic Violence Charges Involve Sister, Nephew

iStock_000031590812Small

In domestic violence news, soccer superstar Hope Solo, 33, has been charged with two counts of misdemeanor domestic violence in the assault of her sister and 17-year-old nephew that occurred in late June. Solo has pleaded not guilty and is awaiting trial in November. Continue reading

Posted in New Jersey Law - Domestic Violence | Tagged , | Leave a comment

Robin Williams Alimony & Divorce Struggles: Taking A Closer Look

Robin_Williams

Robin Williams once joked that alimony is just a shortened form of “all the money” after two divorces on the part of the comedy legend cost him reportedly upwards of $30 million in alimony payouts to ex-wives Valerie Velardi and Marsha Garces.

Speculation since the actor’s death has even gone so far as to claim divorce and alimony woes pushed the actor to near bankruptcy and served as a contributing factor to his depressed mental state. Continue reading

Posted in New Jersey Law - Divorce & Separation | Tagged , , , | Leave a comment

3 Secrets to Speeding Up the New Jersey Divorce Process

2182970_HiRes

Is it possible to get a “quickie divorce” in New Jersey? The general benchmark for how long it takes to divorce in New Jersey stands at approximately 12 months (from filing to final decree), with some complex divorces cases taking upwards of 18 months or longer. However, every divorce is different. How can you and your spouse save time reaching a final settlement? Here are our three favorite tips for speeding up the divorce process. Continue reading

Posted in New Jersey Law - Divorce & Separation | Tagged , , , | Leave a comment

Beginning the Divorce Process: Essential Documents Needed for Divorce

iStock_000024343218Small

Once you have decided to divorce, an essential first step to take is to gather together all the many financial documents and legal records that will be needed as you move forward with the divorce process in New Jersey. Your goal in collecting this information is to create the most complete and accurate picture of your income, the assets and debts you accumulated as a couple, and normal household expenses.

Preliminary documents and records to gather include: Continue reading

Posted in New Jersey Law - Divorce & Separation | Tagged , , , | Leave a comment

Bergen County Suspends Lengthy Divorce & Family Law Trials

iStock_000028303004Small

If you live in Bergen County and have a divorce or family law matter headed for trial, get ready for a possible delay or change of venue. In a newly released statement, Bergen County Assignment Judge Peter Doyne has announced a halt to lengthy trials in civil and family cases starting next month. As of September 15, no Civil or Criminal Division trials will be conducted if they are expected to last longer than two weeks, subject to the discretion of the presiding judge. Continue reading

Posted in Divorce - Family Law | Tagged , , , , , , | Leave a comment

New Jersey Child Support: Who Pays for Lessons, Sports & Extracurricular Activities?

Young girl horse back riding on forest trail.

When parents negotiate over child support payments, one issue that can cause a snag is figuring out how to share expenses involving a child’s extracurricular activities above and beyond typical education-related costs, including sports participation and private music lessons. What can sometimes happen is that one parent is more enthusiastic in encouraging the child to take part in a wide variety of different activities, or the parent wants to help the child reach a high level of mastery in a certain art or sport by signing up for private lessons and/or buying special equipment. The other parent, however, may love their child and want to see them take part in activities they enjoy, but at the same time, doesn’t share the same view on the level or type of extracurricular participation, and therefore does not want these additional costs added to child support.

How do the courts settle these kinds of differences between parents? Continue reading

Posted in New Jersey Child & Parenting Issues | Tagged , , , | Leave a comment

Rutgers Researchers Uncover New Tool For Empowering Victims of Domestic Violence

iStock_000015451335Small

It’s an all-too common situation to find victims of domestic violence and their abusers still living together, even after numerous interventions by law enforcement or the presence of a domestic violence restraining order.

Why do victims stay? It’s often because — beyond the physical threats and emotional harm that may be happening in the relationship — another form of abuse is also taking place: financial abuse. Continue reading

Posted in New Jersey Law - Domestic Violence | Tagged , | Leave a comment

You’re Invited To Family Law Tuesday!

10514552_10152126783401175_1971907235794229355_n-2

On the first Tuesday of each month on our Facebook page, we host Family Law Tuesday, our live Q&A chat to answer questions you have related to divorce, child custody, child and spousal support, prenuptial agreements, postnuptial agreements, asset division and more. Please join us! Our next Family Law Tuesday is scheduled for August 5 from 8-9 pm. You can ask your question live, or send us a private message with it anytime (we’ll post our answer during the hour). Continue reading

Posted in Divorce - Family Law | Tagged , , , | Leave a comment