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July 2017 Archives

Your family might benefit from a spendthrift trust

It's common for divorcing parents to choose the co-parenting option for dividing time spent with their kids. Often children will live half the week with one parent and the other half of the week with the other. This can be a beautiful arrangement when done properly, but it can be extraordinarily difficult to organize if your ex is unable to get along with you.

Advice for your divorce from those with experience

Do you think you're not going to make it through your divorce process? The truth is, even if it feels like that on an emotional and psychological level, divorce is not fatal. In fact, you can make it through your divorce and you will be better and stronger because of it -- especially when you follow this advice from people who have made it through the process.

New Jersey's divorce rate: 4th lowest in the country

The National Center for Family & Marriage Research at Bowling Green University claims that New Jersey boasts a low divorce rate compared to states in other parts of the country. In fact, it's the fourth lowest out of all the 50 states. The national average is 16.9 divorces out of every 1,000 women annually; and, New Jersey's figure is 13.9 divorces out of every 1,000 women annually.

Can I deduct alimony payments from my taxes?

New Jersey residents do not tend to enjoy paying alimony to their ex-spouses each month. Fortunately, in many cases, the alimony payments you may be forced to pay will be temporary. Also, the money you give to your ex-spouse will be tax deductible. Your ex, who receives the money, will be the one required to pay taxes on it.

Are legal custody issues complicating your divorce?

Divorce is stressful, there is no getting around that. When you add in the matter of legal custody of your teenage child, the strain you are dealing with increases. You only want the best for your child, but if you and your soon-to-be ex-spouse cannot agree on custody matters, a judge may have to step in.

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