All property that is legally or beneficially acquired during a marriage or a civil union is subject to equitable distribution. This includes retirement accounts and pensions that can take on different forms. There could be a 401K account, an IRA, a profit-sharing plan, a 403(b) which is common among the medical profession. New Jersey attorney […]
Financial Issues
What is dissipation in the context of a divorce?
Dissipation is the use of marital assets for a non-marital purpose. Oftentimes during a divorce one spouse will utilize assets for their own benefit for the purpose that does not further anything related to the marriage. Courts are protective of marital assets and do what they can to maintain the integrity of marital assets throughout […]
Podcast: Cynthia Ann Brassington On Business Interests & More
In this podcast, Cynthia Ann Brassington answers questions on business valuation, asset division, alimony, and the importance of prenuptial agreements.
What does the court look at when dividing assets in a divorce?
The courts look at factors including, but not limited to, each of the parties’ contribution to marital or non-marital property, dissipation by either party of marital property, the duration of the marriage, the value of property and the agreement by the parties, the parties’ age, health, occupation, skills of the parties, whether maintenance is awarded […]
What should women keep in mind when deciding the fate of the family home?
The marital home can be extremely important to both spouses, often for deep emotional reasons. Where we live is a big part of our identity. For women with children there can be fears about uprooting children from the home and possibly their school and friends as a result. While it’s certainly easier not to move […]
Podcast: Divorce and Retirement Accounts in New Jersey
In this podcast, matrimonial attorney Cynthia Ann Brassington answers questions regarding divorce and retirement accounts in New Jersey.
What kind of attorney is the best fit for a high-net-worth divorce?
Unfortunately, there’s a stereotype that a shark or a pit-bull attorney who promises to take your ex to the cleaners in court is the best kind of lawyer for high-net-worth cases. This is a wrongheaded notion. The sad truth is that some shark attorneys will smell that there’s a lot of money at stake in […]
Can business interests be divided in divorce?
High-net-worth couples frequently are business owners or investors in a business or run a professional practice such as a medical practice together. When divorcing spouses own and operate a business together, then the business will probably require a formal evaluation and report. Professionals such as forensic accountants and actuarial experts are used to determine the […]
What are some mistakes you see people in high-net-worth divorces make?
A big misconception that’s common for those just embarking on divorce is not understanding how assets are divided in New Jersey. People often go into divorce thinking that everything will just be split down the middle unless there’s a prenup that says otherwise, of course. However, New Jersey is an equitable distribution state, which means […]
What is different about divorce when a couple has considerable assets or a high income?
There can be a number of differences both big and small in high-net-worth divorce, including: 1. Child support calculations In high-net-worth divorce where ability to pay is not an issue, rather than strictly rely on formulas found in the child support guidelines to determine an award, judges use, as a guideline, the reasonable needs of […]
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