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Categories for: Finances

Learn How to Make Smart Choices Regarding Your 529 Savings Plan in a NJ Divorce Context
Posted in: Divorce Finances

Strategies to Safeguard 529 Education Saving Plans in Divorce

January 3, 2024

In Divorce, Questions Arise About the Ownership and Control of a 529 College Savings Plan Intended to Fund a Child’s Education. Find the Answers Here. For many parents, their child attending college is a dream come true, and for some, it’s a requirement. In either case, they often want to provide some or all of the funds required for their child to attain this goal. One of the most popular ways to accomplish this is with a 529 college savings […]

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Seasoned Lawyers Advising Parents with Financial Issues Handle Child Custody in Passaic County, NJ
Posted in: Child Custody Family Law Finances

Financial Hurdles and Their Implications on Child Custody

December 5, 2023

Our Family Lawyers Help You Deal with Financial Challenges Seeking to Protect Your Custody Rights in Passaic County, NJ Child custody is a term used for the legal arrangement between parents who have separated regarding with whom the child will live, for what periods, and who will have the decision-making power for the child. There are two types of custody: physical and legal. Physical custody refers to where the child will live, and legal custody determines who will make the […]

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Posted in: Division of Assets Divorce Family Law Finances High Net Worth Divorce

Safeguard Your Medical Practice from Divorce Ramifications

November 30, 2023

After Investing Significant Effort into Building a Medical Practice in New Jersey, Doctors May Face Unwanted Financial Disruptions in the Wake of Divorce Years of medical school, post-graduate studies, residency, specialization, and the Medical Boards lead doctors to a profession they spent years preparing for.  Building a private practice can take years.  It takes a significant financial investment and hard work to accumulate a base of regular patients while attracting new ones.  The infrastructure of the practice location, attractive and […]

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Explore the Financial Options to Manage Overpaying Alimony in New Jersey
Posted in: Alimony Family Law Finances

Is There a Way to Address Alimony Overpayments?

November 15, 2023

Our Family Lawyers Help You Wisely Navigate Alimony Issues to Avoid Financial Strain in Passaic County, NJ Alimony in New Jersey can be a title wave of frustration, bringing with it financial surprises, especially for the paying party. However, alimony should not include economic hardship or ongoing legal headaches. Are you tired of paying more alimony than you should be? Don’t let your hard-earned money go to waste or suffer through a major life change by being expected to meet […]

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Experienced Attorneys Advising About Student Loan Debt While Navigating Divorce in New
Posted in: Divorce Equitable Distribution Family Law Finances

Honoring a Student Loan After Divorce

November 10, 2023

Exploring Factors Affecting Student Loan Distribution in Divorce Proceedings in Passaic County, New Jersey In most divorces, marital assets and debts are equitably divided, meaning a fair split, given the parties’ circumstances. Separate assets and debts are typically awarded to the party who owned the property or debt before the marriage. Thus, when it comes to student loans, the distribution depends on when the spouse incurred the loan and how the loan benefitted the marriage. So, for example, a student […]

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