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July 2020 Archives

Rules of engagement that may make the divorce process easier

The ending of a marriage might be the most stressful time either person has ever experienced. There are typically two components to divorce: the legal and the emotional. It is said that it takes much less time for a couple to legally divorce in New Jersey than to heal from the wounds that may have been created by the marriage coming to an end.

How do tough times affect a marriage?

Most people didn’t plan on spending days at home for months on end. Being cooped up at home can take its toll on people and, in turn, relationships. Spending too much time together can be detrimental to a marriage.

Does socioeconomic status play into reasons for divorce?

There may be many reasons a couple's marriage gets into trouble. But the common denominator listed as one of the reasons for divorce in many cases are money woes. When a New Jersey couple can't get the way they think about money on the same page, could it cause real problems within the marriage? A recent study showed that the socioeconomic status of a couple does affect their relationship.

Valuing the family home in New Jersey during a divorce

There are many decisions that have to be made when a couple decides their marriage has come to an end. New Jersey couples who make the decision to divorce must go through their assets and debts, and one of the things on the table is the family home which more often than not is a marital asset. As such, the net value of the home will be divided between spouses.

What happens when a parent won't pay child support?

New Jersey parents have the responsibility of taking care of their kids and making sure they have what they need. This responsibility does not end just because a marriage ends, and parents must continue to financially support their kids even if they do not live with them. Child support payments are from the non-custodial parent to the custodial parent to help meet the basic needs of the kids, such as clothing, childcare and more.

Easing the financial stress with a loan modification

Life can throw curve balls and that also goes for finances. When things get pretty financially tough for a New Jersey homeowner, he or she may consider a loan modification as a way of easing the financial stress. Essentially, loan modifications restructure a mortgage by altering one or several terms in the hopes of lowering monthly mortgage payments.