The divorce process can take a major financial toll when it comes time for you and your spouse to divide your marital assets. You may be surprised to learn that any contributions during your marriage made to your 401(k) plan are considered marital property, which means it will be subject to division in a divorce. […]
Divorce Planning: Who Gets to Keep the House As matrimonial attorneys, we understand that a divorce takes a toll emotionally and financially on our clients. Perhaps the most stressful financial and emotional decision a client must make is how to deal with the equitable distribution of the marital home in a divorce. If the marital home was […]
Written by Joanna R. Adu, Esq. As a result of the recently enacted Coronoavirus Aid, Relief, and Economic Security Act (also known as the CARES ACT), eligible Americans have received, or are set to receive, a one-time payment from the federal government, referred to as a “stimulus” payment. The exact amount of any particular stimulus payment is […]
During a divorce, couples have many concerns about splitting up their joint property and assets. One major consideration involves dividing the marital home. For couples who own a home together, the implications of a divorce have great impact on the terms of home ownership and occupation of the residence. Co-owners have several arrangements available as options. Selling the […]
The division of assets and liabilities is an essential part of the divorce process. Just as every couple is unique, so is their financial landscape. Most divorcing spouses have to navigate the allocation of homes, vehicles, retirement monies, and other common assets. In some divorces, there is yet another asset that can be a bit […]
Written by: Marissa A. Del Mauro, Esq. Recent news outlets have reported that, Amazon CEO Jeff Bezos and his wife MacKenzie Bezos have decided to file for divorce after 25 years of marriage. It has been reported that the divorce will be filed in Washington State, which is a community property state. This leaves the […]
New Jersey State Law requires financial documents to be exchanged between spouses during a divorce. Throughout the process detailed financial information will be disclosed, including tax documents from prior years. In the following article, we will point out two important situations that could have severe civil and potentially criminal tax consequences on individuals. Disclaimer: The information […]
Recent news outlets have blasted Real Housewives of New York reality star Luann de Lesseps for her failure to comply with her 2009 divorce agreement which provided in pertinent part that she was to use her share of equitable distribution monies resulting from the sale of a Hamptons marital home to fund a trust fund for the parties’ […]
