Starting a business, or growing an existing one, is a long-term process. Someone who recently started a small company may give up their salary to reinvest all of the capital earned in the business. Their focus is on the long-term success of the company, not their...
Asset Division
Piercing the corporate veil during divorce
Most young children are taught that “sharing is caring.” Unfortunately, some adults hold onto the inverse lesson, that failing to share is a concrete way of showing someone that you don’t care about them. This mindset can be destructive at the best of times. Yet, when...
Is divorce litigation inevitable when spouses own a business?
Many people would like to pursue a low-conflict divorce, but not every family has that option. There are certain factors that almost inevitably complicate divorce proceedings in New Jersey. Business ownership can be one such factor. If either spouse owns a business or...
Dealing with rental properties as you divorce
Determining what to do with a family home during divorce is not only a big financial decision but often an emotionally fraught one. When a couple has additional properties, however, dividing them or continuing to share them often comes down solely to what’s in each...
Equitable Distribution: What is the value of art and jewelry?
In marriage, it’s typically for couples to accumulate assets of significant value. When couples divorce in New Jersey, marital assets may be split up in whatever way that spouses choose, if they opt to reach a collaborative solution to their property division...
First steps to take when filing for divorce as a small family business owner
Some divorces are relatively simple – and some aren’t. If you are a small family business owner, you may have some legitimate concerns about exactly how difficult your breakup is going to be for the business. That makes it particularly important to consider your first...
The importance of determining value of a business during divorce
The business you started and built took a great amount of time, attention and money. As it turned out, this success came at the expense of your marriage. Your spouse wants a divorce. As you head in the direction toward ending your marriage, you wonder what will happen...
Do you get to keep your inheritance through a divorce?
Your inheritance was given to you by your parents. This happened long before you got married. Your parents never even met your future spouse. But now that spouse is asking you for a divorce. You're worried that you're going to have to give some of that inheritance to...
Is your retirement account protected in a New Jersey divorce?
You may have started saving for divorce long before you got married. Perhaps your employer offers pension benefits, or you may have started a tax-deferred retirement savings account to slowly fund with a portion of your paycheck. The account is solely in your name and...
Does moving out mean you lose the claim to the home in a divorce?
In the early days of your divorce, you will have to make some important decisions. For example, will you continue staying in the marital home, or will you move out to someplace else temporarily until the courts resolve your divorce? By the time you have decided to...