Custody, parenting time, the marital house, the bank accounts: all are issues that divorcing couples have on the forefront of their minds, probably because who is going to live in the marital home and who gets custody of the children are issues that are in the present. The here and now. But, what about future issues that may arise after the divorce is over — like what happens to life insurance spouses may hold? Read more
An ex-wife in a brief 14-month marriage is demanding a share of the $2.5 million work bonus paid to her ex-husband. Job or work bonuses are often subject to division in divorce, but what makes this former spouse’s claim unique is that she is asking for an award based on the length of their marriage and the time prior to that when she and her husband dated and cohabited.
Two lower courts have said “no” to her request, affirming that equitable distribution of any property, including salary bonuses, should be based upon the length of the actual marriage only. The ex-wife was awarded 30K by the courts as an amount commensurate with the short duration of her marriage. However, she believes that she is entitled to approximately $200,000 and has appealed these prior rulings to the New Jersey Supreme Court.
Does she have a case?
With almost 50% of marriages ending in divorce, and many of those divorces leading to protracted battles over assets, having a prenup can prevent arguments should the marriage end. But how do you tell your fiancée you want one without sounding dubious about your wedding vows? Or that you love your money more than you love him? Here’s how to bring up the subject without killing the romance. Read more
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