The recent economic downturn has permeated Americans' lives in a variety of ways. One way in which it's impacted the legal system is with matters related to debt and divorce. Money is often a source of stress and conflict for many couples. This is especially true for couples who have encountered financial difficulties and accrued a lot of debt.
A few post-divorce financial steps for New Jersey residents
Our readers in Old Bridge may recall a couple of recent posts about the expenses people often face after divorce. But what are some of the basic ways divorcing individuals can get their financial affairs in order after a split?
It certainly isn't possible for all New Jersey residents, but creating an emergency cash fund is one great way of ensuring that costs associated with the divorce don't prevent you from being able to act if an unexpected situation arises. Divorce often means the household income is compromised for a time, so creating an emergency fund in accordance with a monthly a budget is a way of protecting yourself financially.
Continue reading A few post-divorce financial steps for New Jersey residents
Comments: Leave a comment
Differences in divorce, annulment and how they impact finances
The split of celebrity couple Kim Kardashian and Kris Humphries has been stirring a lot of controversy in tabloids and entertainment news. As a result, many couples in New Jersey now wonder whether divorce or annulment is most appropriate for them. In addition to a difference in which is legally correct, there are also differences in how the choice will impact your finances.
Getting a marriage annulled can prove to be extremely beneficial in many of the financial implications divorced couples typically face.
In comparison to a divorce -- in which the marriage has a beginning and an end -- an annulment makes the marriage null and void. An annulment makes it appear as though the marriage never took place at all.
Continue reading Differences in divorce, annulment and how they impact finances
Comments: Leave a comment
