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Is a small business part of the assets in your divorce?

Going through a divorce is challenging on many levels, and it is certainly not for the faint-hearted. When it comes to the division of assets, the process can become significantly more complicated if a small business forms part of the assets in a New Jersey divorce. Matters to consider include whether the business was established before the date of the marriage, and the value of the spouse's personal investment into the company before the wedding.

Property division: Did you overlook these assets?

Going through a divorce is one of the most emotional and difficult things anyone can face. When it comes to the division of assets, many New Jersey couples focus on the obvious and overlook the less obvious. An example is couples who did a lot of traveling. They might have thousands of dollars worth of accumulated frequent flyer points, which can be split by sharing the value or by the spouse owning the points issuing free travel tickets in the name of the other spouse.

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Melinda L. Singer, Esquire
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Hackensack, NJ 07601

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