Digital assets, such as cryptocurrencies and NFTs (non-fungible tokens), have become an increasingly important part of the financial landscape. As their popularity and value grow, you or your ex may have incorporated these assets into your financial portfolios. But what happens when a couple goes through a divorce? In New Jersey, where equitable distribution of…
Divorce is tumultuous. Finances become a maze. There are discussions and meetings and papers and arguments—all leading to upheaval. During this time, you may find yourself reaching for the normal, like using your spouse’s credit card to make a purchase. Maybe you even forget that their card is the default payment method. That raises the…
Gray divorce, or divorce that occurs later in life, often involves more complex financial matters than divorces between younger couples. One key issue that frequently arises in a gray divorce is how to handle inherited wealth. For many couples, decades of financial growth and accumulated assets can include significant inheritances. If you plan on getting…
Gray divorce, a term used to describe couples divorcing later in life, has been on the rise. As individuals over the age of 50 end long-term marriages, new financial considerations emerge—one of the most significant being Social Security benefits. Understanding how Social Security works after divorce can greatly impact retirement plans and financial security. For…
Divorce is a challenging and emotional time, especially when there has been evidence of abuse or trust between spouses has been broken. In some cases, you may be tempted to record conversations with your ex-spouse to be used as evidence in court. While recording conversations might seem like a useful tool, there are legal implications…
Gray divorce is becoming more and more common in New Jersey. This means that couples over 50 often have to make a complicated choice about what to do with their family home. After years of paying for a mortgage or sharing ownership with your spouse, the family home is not only a valuable asset but…
Student loan debt is one of those things that can haunt an individual and their families for years. Debt can make certain matters, like divorce, even more complicated, as those debts may be divided between two people. With the rising cost of higher education, many individuals enter marriage with significant student loan debt, or they…
Interfaith marriages have become more and more common, leading to more discussions during divorce about custody and religion. Faith-based conflicts make the process more difficult, particularly when young children are involved. Parents in New Jersey who are separating may disagree on religious upbringing, attendance at worship services, or other faith-related decisions for their children. After…
Divorce is challenging. It gets even more stressful when one spouse’s immigration status is dependent on the other. Furthermore, what happens if you enter into a marriage out of love but then, despite your best efforts, your spouse (or you) is facing deportation and other legal consequences? Handling divorce with a non-citizen spouse is, without…
A prenuptial agreement (or “prenup”) is a legal contract entered into by a couple before marriage that outlines how their assets and debts will be handled in the event of a divorce. While prenups can address a wide range of financial matters, there are several important issues that cannot be included or enforced in a…