Partner Gwyneth Murray-Nolan, Esq. Brings you the second part of her guide on planning for divorce. Divorce is a stressful, emotional process. Getting organized early will assist you long term.
Amazon founder and CEO Jeff Bezos recently announced his divorce from his wife of 25 years. Whether the owner of one of the highest valued businesses in the world or just getting a start-up going, this divorce provides a very important lesson to business owners -- protect your business interests.
Going through the end of a marriage can be a stressful and daunting experience, especially if you and your soon-to-be ex have children together. Since you likely place a high priority on the well-being of your children, you may have concerns about how the process will affect their lives.
In the first of this two part series, Family Law Attorney Gwyneth Murray-Nolan, Esq. gives you tips for preparing for the divorce process.
It is not uncommon for one spouse to rack up a credit card bill or other form of debt when going through a divorce. This individual may think he or she can get some extra purchases in on their future ex’s tab. Unfortunately, this can become even more common during the holidays. The desire to buy gifts for family, friends and co-workers can make anyone push their monthly budget to breaking point. Add in the temptation to have an ex pay the bill and overspending can quickly get out of control.
Divorce is a creature of state law. As such, the exact process used to navigate a divorce will vary in each state. In New Jersey, those who go through a divorce generally need to complete a Case Information Statement (CIS). The court will use this form to help guide the asset division determination portion of the proceeding.
There are four basic types of alimony that are generally available during divorce negotiations in New Jersey. The first type of alimony, and likely the most well-known, is open durational alimony. This award results in spousal support for an unspecified period of time.
New Jersey state law allows for the award of alimony, also known as spousal support or maintenance, during a divorce when the court deems the payments "reasonable and just."