Tag Archive for: division of assets

5 Divorce Apps Offering “Smart” Advice From Your Phone

iStock_000019937684SmallLooking through Huffington Post Divorce’s list of smartphone apps for managing post-divorce issues made us curious about iPhone and Android apps that might help during separation and throughout the divorce process. How can your smartphone help make your smarter about divorce? Here are five apps that might be worth a download. Read more

Asset Division: Making A List Of Marital Property

When you are asked as part of your divorce to make a list of all marital (jointly owned) property, what should you include? Every couple will have a unique set of assets to list, from the family home to home electronics. If you are just getting started, here’s a quick rundown of common items to include as you gear up to divide marital assets. Read more

Telling The Difference Between Marital & Separate Property

When you divorce in New Jersey, it’s the state’s equitable distribution law that lays the basis for how a couple’s property is to be divided. Under New Jersey equitable distribution, property is classified as belonging to one of two categories, either it’s marital property, which is property considered owned by both you and your spouse; or it’s separate or non-marital property, which means it is something considered to belong to you or your spouse individually.

How can tell the difference between the two? Here are 10 quick and general guidelines for helping to determine whether the asset — or debt! — is marital or separate/non-marital property. Read more

Roseanne Barr, Tom Arnold Post-Divorce Twitter Fight: What We Can Learn From It

Comedians Roseanne Barr and Tom Arnold got married in 1990 and divorced in 1994, citing irreconcilable differences. Now, almost 20 years later, those irreconcilable differences appear to have roared back to life, courtesy of Twitter, where the former spouses recently engaged in a “twitter feud” over wedding videos and other marital property. Read more

Money Arguments in Marriage Best Predictor of Divorce

All couples have disagreements, but even in the healthiest of relationships, arguments about money are a top predictor of divorce, according to a new study from Kansas State University. Read more

Six Places Spouses Hide Assets

 

Is your soon-to-be ex-husband or ex-wife keeping you in the dark about hidden assets they don’t want divvied up in the divorce?

Maybe you’ve picked up some subtle (and not-so subtle) clues that all is not what is seems, such as bank statements that no longer show up at the house, or the amount in your bank account seems lower than it should be, or your spouse’s behavior has become overly combative when the topic of your joint finances comes up. Read more

Saving for College: What Happens to a 529 Plan When You Divorce?

Your children may be too young to even know what career they would like to pursue, let alone know which college they want to attend. But if you and your spouse, like so many other parents, set up a designated 529 college savings plan, a tax-advantaged investment account used to help parents squirrel money away funds to cover the eventual cost a child attending college, you may be wondering what’s going to happen to this money now that you are getting a divorce. Your family’s situation is unique, of course, but here are a few common possibilities for dealing with a 529 plan during a divorce. Read more

5 Tips for Making Divorce Less Expensive

Want to break your marital bonds — but not your budget? Every divorce situation is unique, but here are five ways couples may be able to save a little (or a lot) on their divorce proceedings: Read more

Lessons Learned from Kim Kardashian’s Divorce

The 72-day marriage between reality star Kim Kardashian and NBA player Kris Humphries that resulted in 543 days of disagreements and legal wrangling, is now finally over, thanks to a judge who quietly granted Kardashian a dissolution in the matter in a Los Angeles courthouse this past Friday. Read more

How To Sell Your Home in a Divorce

Sell Your Home in a Divorce
When you divorce, your family home may be your most valuable marital asset — as well as your biggest shared liability if you’re still carrying a mortgage. What happens to the house in a divorce? Read more