The Law Office of Rajeh A Saadeh LLC
Serving All Of New Jersey
The Right Lawyers Make a Difference
Call Now
908-396-8330
[
]

Sophisticated Counsel. Smart Strategies.

How could imputed income affect your divorce settlement?

On Behalf of | Aug 16, 2022 | Divorce

One of the most important aspects of your divorce will be seeking fair and reasonable terms to your property division order. This will have a direct impact on your future, and seeking fair terms will ensure that you have what you need for long-term stability and security. A critical aspect of this process is consideration of all income, including imputed income.

Calculation of child support, spousal support and more is based on the assets, income and debts of both parties. When there is an inaccurate picture of how much one truly earns, it can skew the final arrangement, resulting in an unfair final arrangement for one New Jersey spouse. You have the right to fight for terms that are fair, reasonable and representative of each party’s true financial situation.

An accurate financial picture

During the divorce process, there will be a full financial disclosure by both parties. This means accurately listing all income, debts and assets of each party. Accurately calculating and disclosing all imputed income is a critical part of this process, including all imputed income. Imputed income is any additional source of income that is not listed as part of your regular salary or pay, even if you pay taxes on it. Examples of imputed income include:

  • Fringe benefits offered by employers
  • Some types of health savings accounts
  • Cellphones or access to company-owned vehicles
  • Group life insurance
  • Moving expense reimbursement

While these benefits and others may not be part of one’s salary, they are sources of income that provide financial benefits. If you feel that your spouse is not properly disclosing all relevant financial information necessary to seek a fair property division order, you may fight for the information you need to make the best possible decisions. Imputed income is income, and failure to include this information could be an attempt to defraud you, or keep you from your fair share of marital property or financial support.

The best financial future for you

There is a lot at stake for you in the terms of your final property division order. It is in your interests to seek an understanding of how you can seek fair terms, especially if you suspect that the other party is hiding or downplaying imputed income. You may benefit from seeking knowledgeable counsel as you navigate a complex financial divorce and fight for what you need for the future.

Categories

Archives

Rated by Super Lawyers | Rajeh A Saadeh | SuperLawyers.com
American Institute of Family Law Attorneys 10 Best 2019 Attorney | Client Satisfaction
Avvo Rating 10 | Rajeh A Saadeh | Top Attorney
Avvo Clients' Choice Award 2021 | Rajeh A Saadeh
Avvo Reviews | Five stars out of 59 reviews | Rajeh A Saadeh
Martindale-Hubbell Client Champion | Platinum | 2022
Abogado.com | The Law Office of Rajeh A. Saadeh, LLC | Calificanos
America's Most Honored Lawyers | Rajeh A Saadeh
New Jersey's Best Lawyers For Families 2020
Best Family Law Lawyers 2021
Best Lawyers Best Law Firms | U.S. News and World Report | 2022
Attorney And Practice Magazine's Top Ten Attorney, 2022