You certainly think of your inheritance as property that your spouse does not own. When your parents passed away, they left it to you directly and it was in your name only. You clearly have the option to share it with your spouse if you want, but it belongs to you....
4 reasons your spouse might cede you the house in the divorce
Your family home is typically the, or one of the, most valuable assets you own together. Therefore, if your spouse says, “Don’t worry. You take it,” you need to understand their motives. While you should not assume your spouse is trying to rip you off, it pays to be...
What impact could hidden bank accounts have on a divorce?
Some people facing a high-asset divorce will hire a forensic accountant to look for signs of a hidden bank account or other hidden assets. Although such investigatory efforts may seem unnecessary at first, they could actually return significant dividends. There is a...
3 financial mistakes to avoid during divorce
Even when a marriage ends amicably, it is not unusual for the divorcing couple to argue through a couple of issues. Division of marital assets tends to be one of the most contentious issues during the divorce. However, since divorce is often a strenuous and difficult...
Should you keep the family home after your divorce?
When seeking a divorce in Hackensack, New Jersey, you must make decisions regarding your assets and property. In many cases, one or perhaps even both spouses want to keep the family home, especially if they have children. Holding on to a home for the sake of your kids...
What happens to my pension upon divorce?
One of the most challenging aspects of a divorce, for many couples, is resolving their financial ties. That generally means splitting up any assets and debts that are part of the marital estate. Divorce can become particularly complicated if spouses have unequal...
What happens to your pets when you divorce in New Jersey?
Those with pets they love often refer to their animals as their “fur babies.” Even those with human children develop intense attachments to the animals in their family. Those bonds could be at risk during a divorce. You probably already know that the New Jersey courts...
Is your spouse hiding assets?
If you’re getting divorced, you know that you and your spouse have to divide your assets. Technically, you’re both supposed to disclose all of those assets to the court. However, some people try to hide assets so that they can keep them from their ex. Is this...
How will debt be addressed in your divorce case?
Many New Jersey residents who are either thinking about a divorce, getting ready to start a divorce or are in the middle of a divorce case usually have many more questions than answers. Such a life-altering event as divorce demands many answers, but the primary...
What happens with assets and property when cohabitation ends?
Many New Jersey couples live together without getting married. Some want to wait until they have both established their respective careers before tying the knot, while others decide to marry when they start a family, and some never get married. Just like marriages,...