Divorce is a serious, life-changing that’s more than just emotionally difficult; it can also be financially complex. Dividing assets is…
Gray divorces, divorces in which couples over 50 splits, have been increasing recently. Divorce rates for people over 50 have…
While browsing online, you can find just about anything you want. For example, if divorce is in the cards for you, you can find a site where a calculator will determine what amount you may receive from your ex-spouse for alimony or child support. These sites are great for giving you a general idea, but, are for discussion purposes only, since it is the judge who presides over the proceeding who generates the decision after a review of important criteria regarding your case.
So, what does a judge take into consideration regarding alimony and child support?
First, we’ll look at alimony…
When people marry, they pledge to be together forever. Unfortunately, this is not always the case. No one likes the idea of going through a divorce, but some circumstances make it nearly impossible for people to stay with each other. The decision to end a marriage, however, is almost always an emotional and legally complicated matter. Therefore, we have put together answers to some of the most commonly asked questions about divorce.
If you are considering filing for divorce in the near future, you’ve no doubt skimmed articles in magazines, or scoured the internet on that subject … this is probably why you are reading this blog post right now. Suffice it to say that filing for divorce and the time until the decree is rendered, can be a long and painful journey for most. Some couples are able to go through the process amicably, but, for most couples, it is a lot of clawing and scratching until it is finally over.
You may have questions before undertaking this big step in your life. Peruse this article, or others, and then consider consulting with a top notch divorce attorney right here in New Jersey to represent your interests and guide you through the legal process. That attorney will be happy to answer any and all of your questions, but, in the interim, you might be able to find some answers to common questions about divorce below:
When day-to-day existence is intolerable due to fractures in your marriage, there is sometimes no other remedy than to file for divorce. For some, marriage counseling or living apart will work to slowly repair the damage in your marital bonds, but, sadly, for some it is a lost cause. Your best bet when considering filing for divorce is to consult with a reputable top family lawyer in New Jersey. This specialty of the law will garner you the expert advice that you need to get through the entire divorce process. Filing for divorce and the actual decree of divorce will not happen overnight, thus, you will need guidance and the expertise of a counselor to get through this process.
Child support for minor children is defined as the payment that a non-custodial parent is ordered to make as support for the costs of raising his or her child/children (hereinafter just referred to as “child”). The financial assistance is provided by the parent who does not have physical custody of his or her child, so that that particular parent’s income does not benefit the child on a daily basis. The child support may be court-ordered, or voluntary, and may be set forth through a divorce decree or a separate order. Sometimes, if child support is ordered, but not paid timely, or at all, state agencies may intervene forcing the payment of child support. In the case where divorce has occurred, but both parents have full, or joint custody, in most cases there is no child support involved. If you have questions about child custody or divorce you should contact a family law attorney in Short Hills for assistance in answering your questions. A top NJ attorney will be happy to work with you to answer all of your legal questions.
Technically, the duty to support a minor child rests with both parents, even if the custodial parent has the means to care for the child on their own. But, the support that is provided from the non-custodial parent not only pays for the child’s basic needs but allows the child to share in the standard of living both parents enjoy.
Spousal support, also often referred to as alimony, is the legal obligation for a person to provide financial support to their spouse before or after a legal separation or divorce. If you are on your way to divorce it is wise to consult a divorce attorney so that they can answer all of your questions in advance. A top divorce lawyer in Livingston will be happy to meet with you and will be able to answer any question you have.
During the pendency of the divorce, and, after the divorce decree, one spouse may be entitled to financial support from the other. The financial obligation to one’s ex-spouse permits the supported spouse to maintain a similar lifestyle as was enjoyed during the course of the marriage, until the spouse is able to support themselves.
For couples whose marriage is on the skids, the thought in each of the partner’s minds is “I’d be so much better if I could just leave and be rid of him/her”, even though the very finality of ending the marriage can be a scary prospect. Unless each of the parties has a high-power job, and the financial ability to make it on their own, there is usually hesitation on either side.
Whether the marriage is of many years’ duration, or just recent, people often have a few spats, and it escalates a little further, and soon one of them threatens to end the marriage.
Divorce isn’t a fun topic at any age, and, it sure is not something most people anticipate as they happily stroll down the aisle while envisioning the years of marital bliss that lie ahead. Sometimes real life intervenes, and “happily ever after” isn’t always meant to be. Things turn ugly with sharp words and accusations hurled – soon thereafter is talk of splitting up, or divorce. Reconciliation may occur, but statistics show that only a mere 15% of all separations result in renewed marital bliss, and do not lead to divorce or reconciliation within ten years. Those aren’t very good odds for the remaining 85% of couples, who at least believed their marriage was important enough to try to salvage.
Sentimentality aside, once the jeers and tears have gone away, the reality of divorce sets in. Among the topics to consider going forward, is how retirement assets will be divvied up between the two partners. Divorce can really take its toll, emotionally and financially, but the later in life it occurs, the greater the threat to retirement. If you are getting divorced in your latter years it would be wise o consult with a top financial advisor in NJ. A New Jersey financial advisor will be able to help you go through the process in the least painful way.