How is a business divided?
A business is a complex asset that may require the use of an expert to determine its value and cash flow. Every case is fact-sensitive and every business is different. We can help.
How is my business going to get valued?
A business is typically valued by reviewing the business’s finances, including assets and debts. Often it is necessary to retain the services of a forensic expert.
I have a cash business where not everything is declared. What will happen?
We strongly suggest that you speak with an attorney as well as an accountant.
How are my retirement accounts going to be divided?
Typically the marital portion, which is defined as the asset accumulation from the date of marriage through the date of Complaint for Divorce, is divided equally. This is not always the case and several factors may impact how a retirement account is divided.
How are bonuses, equity, and other forms of compensation treated?
The answer to this question is fact-sensitive. Both the nature and frequency of bonuses, equity, and other forms of compensation are significant determining factors that affect distribution.
What happens to my house?
If your matter proceeds to trial, the Court will order the house to be sold. Often, people wish to try and purchase their husband’s or wife’s equity in the home. This is often referred to as a “buyout.” However, if a house was purchased before the marriage or inherited, this may impact whether or not the home is subject to be divided.
What happens to the stuff in my house?
Personal property is typically divided between the parties equally. However, gifts to either party are often excluded from division.
Alimony & Spousal Support
How is alimony determined?
There is no hard and fast rule for determining the duration or amount of alimony; NJSA 2A:34-23 sets forth the numerous factors that are taken into consideration when the Court makes an alimony determination.
What if I become disabled or lose my job?
If you have suffered a permanent change in circumstance, you may be able to reduce or eliminate your support obligation.
What is a restraining order?
Nothing is more important than your safety and wellbeing. If you or you and your children need protection from an abusive spouse or partner, a restraining order may provide the protection you need.