How can you protect your credit during a New Jersey divorce?
You may close all joint credit accounts to have peace of mind that your spouse won’t go on a spending spree or engage in other irresponsible behavior. However, the law usually holds both people in a marriage responsible for debts.
Navigating New Jersey divorce and social media
There are plenty of studies out there that indicate that social media often harms marriages. New Jersey residents may not realize that social media often makes divorces even harder than they already are. If you’re dealing with a divorce, remember these social media tips.
When mediation fails to produce a complete agreement
Couples in New Jersey opting for divorce might attempt mediation to save on legal expenses. Mediation is a tool used to help couples divide assets and make provisions for their futures apart. Many challenges, such as who gets the house, children or pets, sometimes lead to severe conflict that shuts down the negotiations.
How to tell kids about a divorce
A divorce will likely be one of the most challenging experiences in your life. However, it’s important to remember that it will be difficult for your child to deal with as well. Fortunately, there are a number of ways that you can break the news in a manner that is appropriate based on your child’s age and other factors.
Exploring the top reasons for divorce
Divorce is difficult, but it may be the best option in certain circumstances. common reasons for divorce in New Jersey include infidelity, lack of communication, and personal differences. Individuals must consider their own needs and the well-being of their loved ones when deciding whether to end their relationships.
When exes won’t move on after divorce in New Jersey
Divorce can be a particularly draining process for New Jersey couples, but even more so if the couple isn’t on the same page. It can be draining to pursue a divorce when one person doesn’t want it.
Even after everything has been said and done in the divorce though, you might find that your ex-spouse is still hung-up on you.
Updating your will after your divorce
If you are going through a divorce in New Jersey, you are likely dealing with a lot of difficult decisions, as well as paperwork. In the midst of making decisions about asset division, responsibility for debts and parenting time, it’s easy to overlook the importance of updating your estate plan. Not doing so can cause significant hardship for your family members, particularly if you remarry.
How is debt divided during a divorce?
In a New Jersey divorce, both spouses are generally responsible for any debts incurred during their marriage. When the court determines the divorce settlement, the judge will include how both marital and separate debts should be handled.Even after everything has been said and done in the divorce though, you might find that your ex-spouse is still hung-up on you.
Financial mistakes to avoid during a divorce
You might be tempted to keep the marital home, but it’s a bad idea if it’s not a solid financial decision. If the mortgage isn’t paid off and you can’t afford to pay it, keeping the home could be a big mistake. Always know your financial situation before making a rash decision you might not be able to afford.
What does a CDFA do?
Spouses going through a divorce may find the process more challenging than expected. One or both partners may have pressing reasons to end the union, and personal safety may rank among them. However, there are other concerns to address during New Jersey divorce proceedings, including financial ones.