Is Your Spouse’s Rolex Yours Too? New Jersey Divorce, Luxury Watches & Hidden Assets

TL;DR


⌚ In a New Jersey divorce, luxury watches like Rolex, Patek Philippe, and Audemars Piguet aren’t just status symbols — they can be *marital assets worth thousands*.
If a high-end watch was bought during your marriage, it likely belongs to both spouses and must be disclosed, valued, and divided fairly.

Don’t overlook what’s on a wrist or in a safe. Hidden or under-valued luxury items can dramatically change your financial outcome.

➡️ Suspect a hidden asset or unsure what’s really marital property? Request a confidential consultation with a trusted New Jersey divorce attorney today.

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Who gets the lottery winnings in a divorce? Lessons from a million dollar mistake

lottery winnings in divorceDenise Rossi won $1.3 million in the lottery, sharing a 6.6 million dollar pot with her co-workers who had gone in on a ticket together. She filed for divorce from her husband 11 days later, ending a 25-year marriage. During the divorce process, Rossi attempted to keep her lottery winnings a secret – a decision that would come back to haunt her.

When the case reached court, the judge found that Rossi had violated financial disclosure laws and acted with fraud or malice to hide assets. Her penalty? The courts awarded the entirety of her lottery winnings to her ex-husband.

Rossi’s case is a cautionary tale for why hiding assets during a divorce is a very bad idea. But it also raises the question of how lottery winnings are divided in divorce. Who gets the jackpot? Read more

What Can the Golden Bachelor Teach Us about Second Marriages and Gray Divorce?

gray divorceIf you haven’t seen the first season of the Golden Bachelor yet, spoiler alert: This post gives away everything, but also has some great lessons about divorce later in life and about gray divorce that anyone can benefit from — fan of the show or not. Read more

Thinking About Divorce In 2023? Here’s How To Prepare

divorce in 2023January is often called “Divorce Month” because the first month of the year usually sees an annual uptick in the number of divorce filings. Is getting a divorce in 2023 on your mind? The decision to end your marriage will alter your life forever, so it’s critical that you plan your next steps wisely. If you have made the difficult New Year’s resolution to divorce, the following tips can help you prepare for the divorce process with greater clarity and calm. Read more

What Happens To Life Insurance After Divorce?

Custody, parenting time, the marital house, the bank accounts: all are issues that divorcing couples have on the forefront of their minds, probably because who is going to live in the marital home and who gets custody of the children are issues that are in the present. The here and now. But, what about future issues that may arise after divorce…like life insurance?

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How To Identify If Your Spouse Is A Narcissist

narcissist spouse

Is your spouse often self-centered, unsympathetic, and critical? Do you wonder if these qualities make them a narcissist? Don’t be too quick to diagnose. Narcissistic traits – and most of us have some — exist on a continuum. It’s possible to have “slivers” of narcissism without having full-blown Narcissistic Personality Disorder. First, let’s take a look at what “personality disorder” actually means. Read more

7 Divorce Tax Mistakes

Avoid these 7 Divorce Tax Mistakes!  Join us on Monday October 21, 2019 for a free webinar with divorce and family law expert Robyn Howlett and financial planner Michael Ringel, CPA to get the inside track on taxes during and after your divorce.  Learn the secret deductions you can make, and the disastrous mistakes to avoid in this short webinar.  It could be the most valuable 30 minutes of the year!

  • What: 7 Divorce Tax Mistakes to Avoid: Free live webinar
  • Where: Online! We have designed this to be easy to access from home, from the office, from you car!
  • When: Monday October 21 at 11am.
  • How to register: Click here to register for 7 Divorce Tax Mistakes to Avoid

Don’t worry if you cannot make the live event, the replay will be available!

Divorce Tax Mistakes

Divorce Tax Mistakes are easy to make and can prove costly.  With so much changing in tax law in New Jersey, for example the change in NJ Alimony Tax that occurred at the start of 2019, it is essential to understand how this could impact upon your upcoming divorce settlement and how to avoid pitfalls.  This easy-to-understand webinar covers the essentials you need to watch out for to avoid divorce tax mistakes.  Register today to secure your seat.

Divorce Tax Mistakes Webinar

 

 

 

6 Ways Divorce Therapy Can Change You For The Better

divorce therapistIf divorce and co-parenting woes are making you so overwhelmed that you’re struggling to function at home and at work, divorce therapy can help. Here’s how. Read more

Modifying Your Alimony: Are You Paying Too Much?

spousal supportHas something significant recently changed your financial circumstances, such as a drastic and involuntary reduction in your income? Or, have you recently learned that your ex-spouse has gotten a substantial raise or a much higher-paying job? These types of situations can lead a person paying alimony, now more commonly known as spousal support, to wonder if they’re now paying too much. And, if you do believe that you should have your spousal support reduced, how do you go about getting that reduction approved by a judge? Read more

Filing for Divorce Based on Irreconcilable Differences in New Jersey

no fault divorceDid you know that in order to file for and be granted a divorce, you must tell the court your reason(s) for wanting the divorce? These reasons are known as “grounds for divorce” and there are several grounds upon which you can base your complaint. The most common ground cited by divorcing spouses in New Jersey is “irreconcilable differences.” What does this term mean — and how do you know if it’s the right grounds for your divorce?  Read more