During a divorce, the matter of dividing a couple’s marital debts is given just as much weight as dividing their assets. While “marital debt” usually translates for most couples to mean debt from credit cards, for a growing number of college-educated spouses, there is another issue to contend with: student loan debt. Just what happens to student loans during a divorce? Read more
Thanks to the ruling of a NY judge, a broken off engagement has resulted in one woman being able to keep her $53,000 engagement ring over the protests of her former fiancé, the NY Daily News reports. Read more
No matter how amicable (or not) a split your divorce is shaping up to be, it’s completely normal to be concerned with how best to safeguard your financial future as you move forward into your new life. How do you go about protecting your finances during a separation or divorce? Here are six basic steps: Read more
Is New Jersey child support about to undergo a fundamental change? With bill S-1046, allowing for the end of child support payments once the child reaches the age of 19 recently advanced by a Senate Judiciary panel, we appear to be one step closer.
Update July 23, 2015: The New Jersey Senate approved bill S-1046 by a vote of 31-2. The bill must still be acted on by the Assembly and signed by Gov. Chris Christie to become law.
With spring almost here, wedding season is on the way. If your nuptials will take place sometime in the coming months, have you taken a moment to think about the road ahead, after the ceremony and honeymoon, when “real life” as a married couple begins? It is always the hope that the stage will be set for marital bliss, but it’s also prudent to take some realistic steps towards making sure you are protected and “insured” no matter what the future brings. Read more
In New Jersey, two recently decided court cases show just far-reaching state family law is concerning the burden of parents to pay child support costs, especially in the area of education. Read more
Developments in the Rachel Canning case continue to have New Jersey parents, and indeed, parents throughout the entire country, scratching their heads in bewilderment. The court has ordered both parties to provide trial briefs discussing “constructive emancipation” and “constructive abandonment.”
What do these terms mean? As we recently discussed, New Jersey courts haven’t generally used the term “constructive emancipation,” but courts in some other states, including New York, have. Looking at interpretations in those states, we can at least understand how Rachel Canning’s case hinges on whether or not she is emancipated (whether constructively or otherwise). Read more
Same-sex marriage has been legal in New Jersey since a groundbreaking ruling in October 2013 paved the way for marriage equality. But what about same-sex divorce? As family law attorney Bari Weinberger points out in her new article for the New Jersey Law Journal, some lingering questions and legally ambiguous situations may face some same-sex couples who decide to split up. Read more
At the height of his NFL career, professional football player Terrell Owens was worth an estimated $70 million. However, in 2011, Owens told a judge in a Family Court dispute that a series of financial set backs had essentially left him broke. At the time, he was paying $125,000 a month in child support and mortgage payments to the four mothers of his four children.
The latest wrinkle in Terrell Owens’ money problems? A two week marriage that has already ended in claims that “T.O.” was trying to financially defraud new wife Rachel Snider into obtaining a mortgage and putting a down payment on a $2 million home. Read more
Off the slopes and away from the rink, the Sochi Winter Olympics features a very fierce battle being waged. However, this race is not for a gold medal, it’s a divorce dispute involving Russian billionaire Vladimir Potanin, who is said to have funded the bulk of the Sochi Games and Natalia Potanin, his wife. Read more
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