It can be frustrating to go though a divorce, but it is even more frustrating when you believe that your spouse is hiding or concealing income or assets from you or your divorce attorney. Are the numbers simply not adding up to you? Here are three common ways that spouses attempt to hide assets or money in a divorce: Read more
Tag Archive for: asset division
An ex-wife in a brief 14-month marriage is demanding a share of the $2.5 million work bonus paid to her ex-husband. Job or work bonuses are often subject to division in divorce, but what makes this former spouse’s claim unique is that she is asking for an award based on the length of their marriage and the time prior to that when she and her husband dated and cohabited.
Two lower courts have said “no” to her request, affirming that equitable distribution of any property, including salary bonuses, should be based upon the length of the actual marriage only. The ex-wife was awarded 30K by the courts as an amount commensurate with the short duration of her marriage. However, she believes that she is entitled to approximately $200,000 and has appealed these prior rulings to the New Jersey Supreme Court.
Does she have a case?
The old saying goes, “marry in haste; repent at leisure,” meaning, of course, don’t rush into marriage with someone that you do not know very well, or with whom you have not spent a good deal of quality time. In other words, think before you act and take some time making a life changing decision! Deciding to separate from or divorce your spouse is just as significant a choice as getting married was in the first place. As such, jumping into filing for a divorce can become a hasty decision that you regret down the line. Here are some ways to avoid rushing into a divorce that may prove to have dire consequences for you later: Read more
There are many issues that can arise during your divorce, such as custody of your children, spousal support or parenting time. But, most divorcing couples also face questions about dividing up marital property in their divorce. What is fair way to divide what you have acquired? What is “pre-marital” property? What about the marital home? Read more
We are excited to announce the publication of four new titles in its our Family Law Jersey Style series of consumer legal guides: A Guide to Relationship Agreements in New Jersey, A Guide to Alimony in New Jersey, A Guide to Property Division in New Jersey, and A Guide to Alternative Dispute Resolution in New Jersey. Authored by our firm’s founder, family law expert Bari Z. Weinberger, each guide contains practical family law information that can be difficult for readers to find elsewhere. Read more
When you are a shareholder in a business, how will divorce affect your stake? Here is an overview of what owners and investors can expect during the asset division process. Read more
When spouses make the decision to separate or divorce, the next step typically involves one spouse moving out of the family home. But is this next step the right step? If you are the spouse thinking about moving out, make sure you have considered all the potential legal ramifications of leaving your home.
Should you stay or go? Here are four questions you need to be able to answer before making a move:
If you were lucky enough to receive a particularly high-value gift over the holiday season, and you are also married or soon-to-be-married, then you may want to take a moment to consider the ownership of that gift. While no one wants to think about the possibility of divorce during happy times, those happy times often present the best opportunity for planning. Financial preparedness is like insurance—if you wait to think about it until you need it, you could be too late.
So what are the rules in New Jersey regarding gifts and divorce? Read more
When owners of family or closely held businesses divorce, they may wonder whether or not they are going to have to divide their business as part of asset division, and if so, what exactly that might mean for their financial future. A “closely held” business is either family-owned or has shares owned by a small group of investors. If you are one of these family business or small business owners, what divorce options do you have? Read more
Subject No. 1: Sharon
In Part 6 of our ongoing case study, we saw that after Sharon took a hardline stance on child custody, Robert ended up with a temporary order for primary physical custody. In Part 7, we saw how Jason’s more conciliatory approach with Melissa not only resulted in a parenting time plan that was closer to what he wanted; it also avoided the expense of a hearing. Is Sharon going to continue her aggressive tactics for the rest of her case, or is she beginning to see that a change in approach might be in order? Read more
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