When you marry, the thought is that the things you own are divided among you and your spouse. It becomes what is known as marital property, or assets that are acquired during your marriage. For couples with valuable assets such as an art collection, the fate of these prized possessions can become a significant concern.…
When you are getting a divorce in New Jersey, one of the top priorities is the equitable distribution of assets. The house comes into question during this time. Do you sell it? Keep it? Refinance the property then split the equity? No matter what you decide to do with the house, the first thing that…
New Jersey divorce cases have various pathways, each case as unique as the last. Yet, most cases often urge individuals to handle many legal issues, maybe even some you have not yet thought about. The division of property and debt and money, for example, can be complex and overwhelming. Divorce can be so demanding that…
In New Jersey, divorce proceedings can become complex, particularly when one spouse has substantial debts or liabilities. Here’s what might happen in such a scenario: Equitable Distribution: New Jersey follows the principle of equitable distribution, which means that marital assets and debts are divided fairly, but not necessarily equally, between the spouses. This includes debts…
Going through a divorce is never easy, especially when disputes arise, making the process more complex and emotionally challenging. When this happens and your divorce becomes contested, you may find yourself stuck on the next step to take. For contested divorces in New Jersey, preparation is crucial. At Ziegler Law Group, LLC, we understand the…
What is a Sleep Divorce? A sleep divorce, also known as a sleep separation or sleeping apart, refers to a relationship arrangement where partners choose to sleep in separate beds or bedrooms instead of sharing the same sleeping space. This decision can be made for various reasons, including differences in sleep preferences, schedules, or sleep…
In a high-income divorce in New Jersey, one spouse may attempt to hide assets to avoid equitable distribution, but doing so is not only unethical but also illegal. New Jersey, like many other states, requires full financial disclosure during divorce proceedings. This includes disclosing all assets, income, and liabilities. Hiding assets can lead to serious…
As tax season approaches, individuals who have recently gone through a divorce may find themselves facing unique challenges when filing their returns. Divorce can have significant implications for your tax situation, affecting everything from your filing status to deductions and credits. Let’s take a look at how divorce impacts your tax returns, as well as…
Yes, there are several strategies for negotiating a settlement without going to trial in a high-income divorce in New Jersey. Here are some key steps and strategies to consider: Open Communication: Encourage open and honest communication between both parties. This can help identify common ground and areas where compromise is possible. Identify Priorities and Goals:…
In recent years, there has been a notable uptick in the phenomenon known as “gray divorce” — the dissolution of marriages among older adults, typically aged 50 and above. This trend, which has captured the attention of researchers and divorce attorneys alike, raises important questions about the factors driving this increase and the implications it…