As a small business owner, your company is likely more than just an asset. It represents your hard work and dedication, which can be a source of great personal pride. During a divorce, it can also become one of the most sensitive and contested parts of the process....
Asset Division
The ‘secret’ bank account: Legal consequences for hiding assets in a New Jersey divorce
Considering divorce can bring out surprising behaviors, even for honest people. You might think about stashing assets away, like a hidden bank account or an undeclared stock portfolio. While this idea might seem tempting, it is a serious legal error. New Jersey courts...
Luxury assets and divorce: Managing high-value properties
Dividing property in a divorce is rarely simple. And when that property includes luxury homes, valuable art or fine jewelry, it becomes a financial puzzle with lasting consequences. If you're divorcing in Monmouth County and own high-value assets, you need to...
Divorce: Did you invest in a family business instead of taking a salary?
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...
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...
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...
