Even spouses who have considerable wealth may have to face the fact that they will be making adjustments after they divorce. When the income is divided and the households doubled, it may mean rearranging the budget to maintain a certain standard of living. However, even when couples expect these changes, there may be other elements of a high asset divorce they are not prepared for.
Think long-term during high asset divorce
Hidden assets and their implications on a high asset divorce
When a New Jersey couple decides to move forward with the process of ending a marriage, it requires the division of all marital assets. The financial implications of a a divorce are significant for both parties, especially a high asset divorce. If one spouse decides to hide assets during this process, it can lead to a final property division order that is unfair and unbalanced.
Which parent can claim kids on taxes after divorce?
The first couple of years after a divorce can be challenging for New Jersey residents, especially those who share children with a former spouse. For same-sex couples with kids, determining which parent has the right to claim the children as dependents on their taxes isn't always easy. That's especially true for parents who share custody after a divorce.
