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Property Division Archives

Collaborative divorce: What is it?

While collaborative divorce has been happening in New Jersey for many years, it didn't become official until last year. The New Jersey Family Collaborative Law Act made collaborative divorce the fourth legally sanctioned method of divorce in the state, with the others being litigate, arbitrate and mediate. At its most basic, a collaborative divorce is built around viewing the divorce process not as an opportunity to "win" but as a joint effort between both parties to work together toward mutual future goals.

Can the timing of a prenup impact property division rights?

A prenuptial agreement can be used in New Jersey to dictate exactly who gets what portion of a couple's wealth during the property division part of the divorce proceedings. For example, a prenup could indicate exactly who agrees to take the home, the car, or the wealth from before the marriage.

Property division becomes more complex with more assets

In our last blog post, we discussed how Stephen Collins was going to have a deposition about his finances. For anyone who is going through a high-asset or complex divorce, financial information is very important. It is vital that this information is conveyed honestly and accurately since it has such a big impact on the divorce.

Stephen Collins to give deposition about state of his finances

A judge has ruled that Stephen Collins, a former actor on the hit television show "7th Heaven," will be forced to give sworn testimony in a deposition about the state of his finances. The ruling came as Collins and his estranged wife prepare to go to court in February to end the couple's almost thirty years of marriage.

Key facts about property division

If you are getting divorced in New Jersey and you do not have children, there is probably one part of the divorce process that is most important to you: property division. You want to make sure that you get what you deserve, that the division is fair, and that you can retain your rightful wealth and assets. Below are a few things you should know as this process begins.

When property division in New Jersey goes awry

It seems media reports of today are filled with terrifying stories about the lengths some will go to in order to deny their spouses fair marital property distribution during divorce. New Jersey, which is an equitable distribution state, is no exception with its own share of one divorcing party or another doing all they can to circumvent the equitable distribution rule. Fortunately, these stories can serve as a wakeup call, alerting both women and men to the importance of careful asset tracking during their marriages.

Tackling property division in a New Jersey divorce

Couples who are contemplating divorce often feel overwhelmed by all the decisions they must make during the process. Understandably, their main concerns typically concern child custody or child support, but that doesn't make the other decisions any less important. One of these decisions is what to do about the marital property the two spouses share.

Including pets in your divorce's property division settlement

Pet lovers are likely to be horrified by the prospect of including pets in property division upon divorce, but it's that love that makes it necessary. It seems more and more people can't bear to completely part with the beloved animals who have become part of the family, so that means it's up to the courts to decide who gets the pets in divorce.