There is More to the Tax Cuts and Jobs Act Besides the Changes to the Deductibility of Alimony
Many couples made it a priority to settle their divorce cases prior to December 31, 2018 to protect the paying spouse’s ability to deduct alimony which changed effective January 1, 2019 as a result of the Tax Cuts and Jobs Act of 2017 (hereafter the “Act”). While...
Why You Should Consider Owning a Life Insurance Policy on Your Former Spouse
When divorcing, it is common practice for parties to secure their alimony and/or child support obligations by agreeing to carry a certain amount of life insurance. Problems can occur, however, when one spouse does not maintain the life insurance policy and does not disclose that he/she has allowed the life insurance policy to lapse.
I Think My Ex-Spouse Is Cohabiting. Can I Stop Paying Alimony?
Under New Jersey law, one of the circumstances which can suspend or terminate the obligation to pay alimony is if your former spouse cohabits with another person. However, if your ex-spouse is trying to hide his/her relationship, you need to be careful in how you...
“Monica’s Law” Awaits Approval of Domestic Violence Protections
Legislation currently pending in New Jersey seeks to address concerns that domestic violence laws are not doing enough to protect victims and children. The bill establishes a domestic violence risk assessment pilot program to help identify those who are likely to commit an act of violence against the victim or child.
Proposed Expansion of New Jersey Domestic Violence Law to Cover Attempted Acts
In 2018, the New Jersey legislature introduced a bill expanding the domestic violence law to include the attempt or conspiracy to commit one of the predicate domestic violence acts already enumerated in the Prevention of Domestic Violence Act. The proposed change is an important provision that is intended to clarify the scope of the law in New Jersey.
Can You Get a Divorce and Resolve Financial Issues Later?
Couples may want this type of divorce because they can change their marital status without waiting for their financial issues to be sorted out which could take months or years. However, many states prohibit or significantly limit bifurcation including New Jersey.