Understanding That Finances Can Help With Child Custody Support
Child Custody and Finances Attorneys in Woodland Park, Paterson, Wayne, Clifton, West Milford and across Passaic County, NJ
When it comes to divorce in New Jersey, being informed can be beneficial to both parties. Determining a variety of issues, such as child custody or alimony, can involve understanding, and incorporating a wealth of information into either mutual negotiations or mediation is usually necessary. For instance, understanding the couples’ finances can be a good place to start.
Assets and finances can affect a myriad of aspects in a divorce, including who gets what and who owes who child support. In some situations, one party may secretly take on a substantial amount of debt. For others, there may be hidden assets that could affect a divorce settlement. If a person has the time, it may be advisable to spend a month or two ensuring that one has all financial information necessary to pursue a divorce.
Understanding the Couples’ Finances in Passaic County NJ Divorce
It is also a good idea to be fully aware of an individual’s personal financial state, separate from that of his or her spouse. Even if one party is ordered to pay temporary maintenance to a spouse who may have stayed at home or earned significantly less, to even begin this process there are usually certain fees or other costs involved. Understanding these involved costs can benefit an individual in the long-run.
While taking the time to understand the couple’s whole financial status, some may also choose to use that time to solidify their own financial security in order to pursue a divorce. While legal counsel will likely be able to help New Jersey residents understand the finer legal aspects of the divorce process, that does not necessarily mean that individuals should initiate the process without some level of awareness. Ensuring that at least some of the financial status that may affect child custody or support is understood up front can ease some of the tension and worry that often surfaces during a divorce.
Contact a Woodland Park Child Support and Child Custody Attorney Today
Families or couples with children going through divorce or separation need fair child support arrangements. Wrong negotiations in child custody support may lead to complicated life situations and have a significant impact on parties involved. Since calculating each parent’s share of the financial responsibility is a complicated thing, you need a proper representation of highly experienced family law attorneys.
At The Montanari Law Group, our family law attorneys are well-versed in the many facets of New Jersey law regarding child support and have an extensive knowledge of New Jersey’s Child Support Guidelines. Call our office in Little Falls to get to know you and start working on your case at (973) 233-4396. or fill out a contact form today.
