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How Divorce Impacts Ownership of a Family Business in New Jersey
For many New Jersey couples, a family-owned business is more than just an income stream, it’s the result of years of hard work, long hours, and financial sacrifice. When divorce enters the picture, dividing or preserving that business can become one of the most...
How Mortgage Refinancing Works After Divorce in New Jersey
The marital home is often a couple’s most significant asset, and deciding what happens to it during divorce can be emotionally and financially challenging. If one spouse wishes to remain in the home, mortgage refinancing is usually necessary. Refinancing ensures the...
How Prenuptial Agreements Affect Property Division in a New Jersey Divorce
Divorce in New Jersey requires the division of marital assets under the principle of equitable distribution. However, when a valid prenuptial agreement (or “prenup”) exists, it can dramatically alter how assets are divided. Many people assume prenups only protect...
Dividing Stock Options and Restricted Stock Units (RSUs) in a New Jersey Divorce
As compensation packages evolve, more New Jersey employees receive part of their income in the form of stock options or restricted stock units (RSUs). These assets can hold substantial value, but dividing them during divorce presents unique challenges. Unlike bank...
What Happens to Security Deposits When Selling a Rental Property in New Jersey?
Selling a rental property in New Jersey involves more than transferring ownership. If tenants have security deposits on file, the seller must follow state laws to ensure these funds are properly transferred to the new owner. Failing to handle security deposits...
Dividing Vacation Homes and Investment Properties in a New Jersey Divorce
Vacation homes and investment properties often represent significant assets in a marriage. Unlike the marital home, these properties can bring additional complexities when dividing assets in a New Jersey divorce. Whether the property generates rental income, has...
How to Handle Health Insurance After Divorce in New Jersey
Divorce brings many changes, and one of the most immediate and impactful is the loss or change of health insurance coverage. In New Jersey, when one spouse has been covered under the other’s employer-sponsored health plan, that coverage typically ends after the...
What Happens to Escrow Funds and Credits at Closing During a Divorce-Related Sale in New Jersey?
When a divorcing couple agrees to sell their home in New Jersey, much of the focus is understandably on the sale price, mortgage payoff, and how to divide the net proceeds. But often overlooked are the escrow funds, tax prorations, prepaid items, and buyer credits...
Handling Life Insurance Obligations After Divorce in New Jersey
Life insurance is often an overlooked detail in divorce—but in New Jersey, it’s a critical part of protecting long-term financial support. When spousal or child support is awarded, courts frequently require the paying spouse to maintain a life insurance policy to...
Selling a Home with Equity During Divorce in New Jersey
For many divorcing couples in New Jersey, the marital home is their most valuable shared asset. When there's significant equity in the property—the difference between what the home is worth and what is still owed—selling it can offer both parties a financial...
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