What Happens to Job Buyouts, Work Bonuses & Severance Packages In Divorce?

job buyouts in divorce

When Ed Orgeron, Louisiana State University’s former head football coach, walked away with a $17 million job buyout, he didn’t expect his ex-wife would claim half of it as a marital asset in their divorce. But that’s exactly what happened, and now the Louisiana Supreme Court has agreed she was entitled to over $8 million.

This case raises a key question for anyone facing divorce: Is a job buyout, severance package, or work bonus considered marital or separate property? In New Jersey, the answer often depends on timing, intent, and how the payout was earned.

Let’s take a deeper look.

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What a UK Supreme Court Ruling Can Teach New Jersey Couples About Protecting Assets in Divorce

divorce assetsA recent UK Supreme Court ruling is making international headlines, and for good reason. In the case of Standish v. Standish, the court ruled that roughly £80 million (about $100 million) transferred from a retired UBS banker to his wife during their marriage would not be subject to asset division in their divorce. Why? Because the court found those assets weren’t truly part of the marital pot.

Even though this case happened across the Atlantic, it raises important questions for couples here in New Jersey:

In high net worth divorce with complex assets, what counts as marital property — and what doesn’t? And how do you protect what’s yours?

Let’s break it down.

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Divorce Experts in New Jersey: Who You Need & When to Use Them

divorce experts

Getting a divorce in New Jersey can become complicated whenever significant assets, child custody disputes, or questions about income and employment are involved. In these more complex situations, input from an expert professional may be essential for reaching your goals. Financial specialists, appraisers, business valuators, custody experts, and therapists often play important roles in helping couples untangle the many layers of a divorce.

Should you involve experts in your divorce? Here’s a closer look at the types of professionals used in divorce — and how they might be helpful to you in reaching your goals.

[Download our FREE Divorce Experts Checklist]

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Does New Jersey Have a Homewrecker Law? What Adultery Means for Your Divorce Case

homewrecker laws

A recent headline involving former NFL star Steve Smith Sr. has reignited public interest in “homewrecker laws.” In the viral story, Smith was accused of having an affair with a married woman, which resulted in the paramour’s husband filing a lawsuit against Smith under North Carolina’s “alienation of affection” statute – a law that allows a spouse to sue a third party for interfering in their marriage.

Another notable homewrecker case in recent years involved motivational speaker Tony Robbins, who was sued for monetary damages by the ex-husband of Robbins’ second wife Sage for being the catalyst for the marriage ending. As the NY Post worded it in their headline story on the saga, Robbins was accused of “self-helping himself” to someone’s wife. Sage’s ex-husband lives in Canada; Robbins is a resident of Florida. The case appears to have been privately settled.

Could a case like this happen in New Jersey? When infidelity is a factor in divorce, here is what state law says about the ability of one spouse to sue their spouse’s lover for their role in breaking up the marriage. Read more

Divorce Prep Checklist: Steps to Take Before You File in NJ

Whether you’re only beginning to think about ending your marriage or you’re already certain it’s time to move on, how you prepare before filing for divorce can significantly impact your finances, your children, and your peace of mind.

If you’re in New Jersey, there are several key steps to take before you file for divorce. Taking these proactive measures can help you feel more in control and confident as you move through the process.

[Get our FREE download: Preparing for Divorce Checklist]

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6 Surprising Tips to Level Up Your Digital Privacy During Divorce

Once you’ve made the decision to divorce, the next crucial step is digitally disentangling yourself from your spouse. In today’s connected world, privacy isn’t just important — it’s often a make-or-break factor in divorce. From the start, it’s essential to know that your online safety, personal information, and peace of mind are fully protected.

Digital privacy is about more than changing your passwords — though this is still an important place to start! From shared photo albums to smart home devices, hidden privacy risks can show up in surprising places. Use these tips to tighten your digital security and take back full control of your online life.

[Free Download: Get our Digital Privacy in Divorce Checklist!]

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7 Ways for Women To Financially Rebuild After a “Gray Divorce”

divorce for women over 50

Divorce after 50 — often called “gray divorce” — is on the rise, with rates for older couples doubling over the past few decades. And while the reasons for splitting later in life vary, one thing remains consistent: women are at greater risk for financial uncertainty during and after their divorce.

According to the National Center for Family & Marriage Research, women ages 55 to 64 have, on average, 30% less saved for retirement than men. Even more troubling, nearly one-third of divorcing women don’t claim any share of their spouse’s 401(k) or pension — even after decades spent raising children, managing a household, and supporting the family in countless, invaluable ways.

If you fit the bill of a “silver splitter” who needs to work on a strategic plan for her financial big picture, here are seven smart ways to get started.

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Cohabiting During Divorce: 10 Tips for Surviving with Your Ex

cohabiting during divorce

Have you decided to live under one roof with your soon-to-be ex until your divorce is finalized? Cohabiting during divorce can have several benefits – helping you save money, providing more stability for your children, and even making you both more motivated to reach a settlement and move on with your lives.

But let’s be honest: sharing a home with your soon-to-be ex during this emotional transition may not be easy. It takes clear boundaries, intentional planning, and a lot of patience.

While this setup isn’t for everyone, these 10 practical tips can help you navigate the challenges of living together while preparing for separate lives. Read more

The Truth About Prenups: Are They Only for the Wealthy?

nj prenups

Prenuptial agreements are still often viewed as something only affluent couples need to consider before marriage. However, this outdated misconception is far from true. Prenups serve as a practical planning tool for couples across all financial situations, offering clarity, protection, and peace of mind regarding assets and income.

Is a prenuptial agreement right for you and your soon-to-be spouse? Here’s what you need to know. Read more

Marital Asset Division: FAQs About 401(K)s

dividing a 401K in divorce

Dividing marital assets during a divorce can be complex, especially when it comes to splitting retirement accounts like a 401(k). In New Jersey, an equitable distribution state, marital assets and debts are divided fairly — but not necessarily equally. This means that each spouse’s contributions and other factors are considered when dividing property. But 401(k) accounts also have their own set of rules, and this can add confusion to proceedings if you’re not prepared.

What will happen your 401k in divorce? Get some insight with answers to frequently asked questions about dividing retirement assets.

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