Most divorce cases in New Jersey don’t go to trial but settle instead. Rather than a protracted and expensive court battle, the parties agree on the issues without having to go to a judge. The settlement in New Jersey is called a marital settlement agreement (MSA). Instead of a divorce trial, you would bring the […]
Divorce
Tips to keep in mind when dividing retirement accounts
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Wednesday, May 2, 2018. When a New Jersey couple gets a divorce, they might have retirement accounts that need to be divided. For some couples, a retirement account may be the largest asset they own. However, it is important that it is […]
Bird nesting is becoming a post-divorce phenomenon
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Friday, April 20, 2018. Couples in New Jersey who decide to divorce can face a number of serious challenges, especially when dealing with child custody, property division and financial settlements. These issues can lead to long, contentious debates, even for couples who […]
Decide living arrangements early in divorce process
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Thursday, February 15, 2018. New Jersey couples deciding to separate or end a marriage must make important decisions about their living arrangements during and after the divorce. Each individual must balance individual desires with the logistical and financial reality of their situation […]
Divorce and selling the family home
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Wednesday, January 10, 2018. Going through a divorce is often stressful, but New Jersey couples who have to sell their home as well may find it particularly unsettling. One website reports that the family home is sold in 61 percent of all […]
No rush on auto insurance during property division
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Wednesday, August 30, 2017. One of the most complicated tasks a New Jersey couple is likely to face is organizing their divorce. Small details can easily be overlooked or rushed through with the most attention given to child custody, division of business […]
Closing a joint bank account in a divorce
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Wednesday, August 9, 2017. New Jersey couples whose marriages are coming to an end might want to learn more about how to close their joint bank accounts. The practical steps of doing so are straightforward. Before closing a joint account, spouses should […]
Getting a mortgage or refinance after divorce
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Monday, July 31, 2017. New Jersey residents who are getting a divorce might want to keep the family home or may want to buy a new one. However, after a divorce, their income and credit rating may be lower. This can create […]
How community property laws impacts residents
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Monday, October 3, 2016. New Jersey residents may be interested to learn that any property that is acquired during a marriage is considered community property. Examples of community property may include any money that is earned by either party to the marriage […]
Moving out and moving on after a divorce
On behalf of Morris, Downing & Sherred, LLP posted in Property Division on Wednesday, June 29, 2016. When a New Jersey couple divorces, it may be difficult to decide what to do with the marital house. For some, it is easier to let the other person have the house and handle the mortgage regardless of […]
