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Posts tagged "equitable distribution"

Divorcing in retirement: What baby boomers need to know

On behalf of Goldstein & Bachman posted in Divorce on Friday, June 1, 2012

Divorce is a complicated process for any married couple, and in almost all cases, it's an ordeal that is best navigated with the help of professionals. Although some couples do choose to divide assets and finalize the terms of a divorce without the help of an attorney, that's rarely the most effective things for individuals to do -- particularly in a high-asset divorce case.

And as divorces among the baby boomer generation are on the rise in New Jersey and elsewhere, more and more divorce cases are being seen between couples who have built large financial assets -- including investment and retirement accounts -- over the course of their marriage.

Continue reading Divorcing in retirement: What baby boomers need to know

Tags: Baby Boomers, asset division, divorce, equitable distribution, retirement funds

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Does technology make it impossible to hide assets during divorce?

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Saturday, May 5, 2012

In a recent blog post, we wrote about the information that can be gleamed from your social media accounts and used against you during a divorce proceeding. Because of the advancements in technology, information in social media sites is not the only "hidden" information that can be used against you.

Unfortunately, many individuals in Old Bridge think that they will be able to hide assets during their divorce. People mistakenly think this will allow them to keep their assets and avoid an equitable division. But it doesn't work that way. Thanks to technology, hidden assets are constantly getting easier to find.

Continue reading Does technology make it impossible to hide assets during divorce?

Tags: asset division, divorce, equitable distribution, financial secrets, hidden assets, high net worth divorce

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Think keeping your New Jersey home is a good idea post-divorce?

On behalf of Goldstein & Bachman posted in Divorce on Wednesday, February 1, 2012

During a marriage, couples work together to build their wealth and reach financial goals. To some couples, financial goals include having enough money for a good-sized down payment; for others, it means putting money into savings in order to put kids through college.

Regardless of the goal, working together to achieve the goals often means making financial and emotional investments. Unfortunately, during divorce that all changes. For many couples in Old Bridge, property division can be one of the most challenging elements of divorce, especially deciding who gets the house.

So what should you do with the house during divorce?

Continue reading Think keeping your New Jersey home is a good idea post-divorce?

Tags: divorce, equitable distribution, marital property, property division

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Young men perceive family law courts as biased

On behalf of Goldstein & Bachman posted in Divorce on Friday, November 4, 2011

A recent study of 5,200 people cited in Time magazine found that while roughly the same number of men wished to get married as women, men between the ages of 25 and 49 desired marriage less than women in the same age range.

While this could be for a variety of reasons, many men said they are hesitant to divorce in what they claim is a family law system that is weighed heavily in favor of women.

In most cases, New Jersey law requires courts to distribute marital property equitably without regard to gender, but many men still avoid marriage because they see the chance of divorce as a financial risk. Young men with strong careers and those who started their own businesses are especially afraid that divorce could make them give a large portion of their assets away, despite the hard work they put in to get them.

Continue reading Young men perceive family law courts as biased

Tags: asset division, divorce, equitable distribution, finances, marriage, men

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Dividing intellectual property during a New Jersey divorce

On behalf of Goldstein & Bachman posted in High Net Worth Divorce on Thursday, May 5, 2011

Dividing assets and liabilities when ending a marriage may be an agreeable, mutual decision. If the material stakes are high enough, however, a property settlement may end up in court. Recent arguments in high net worth divorce cases show that ownership of intellectual property can be one of the most important - and challenging - issues to resolve.

Many states, including New Jersey, use equitable distribution to divide their marital property. This means that the family law court may help split the assets fairly, but each side may not receive equal portions of the estate. The courts use a variety of factors to determine how the marital property will be divided, and it is distributed according to the present and future value of the assets.

Continue reading Dividing intellectual property during a New Jersey divorce

Tags: divorce, equitable distribution, high net worth divorce, intangible assets, intellectual property

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Six financial myths of divorce; Part 1

On behalf of Goldstein & Bachman posted in Divorce on Friday, February 18, 2011

Divorce is hard work. It's confusing, and it can be tough to know whether you're making the right decisions throughout the process. It has been said that marriage is about love, and divorce is about money. If that's the case, it is important to make sure you're protecting yourself and preparing for a strong financial future.

In New Jersey, there are various elements of divorce, and it's important to understand each part. Terms like business valuation, equitable distribution and marital property may seem confusing, but they are critical in creating a fair settlement. Not fighting for your rights - or not choosing a lawyer who will advocate for you - can cost you thousands of dollars during the divorce process.

Continue reading Six financial myths of divorce; Part 1

Tags: divorce, equitable distribution, intangible assets, marital property, support obligations

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Goldstein & Bachman's founding partners - Mark Goldstein and Howard Bachman - have each practiced law in New Jersey for more than 20 years.

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