Well, parenting plans are designed to accommodate a specific family so it may or may not be 50/50 which would mean equal time. It may be every other weekend and depends on the parties and the needs of the children. If the parties agree to live in close proximity to each other and each is […]
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WATCH: Is there a difference between physical custody and legal custody of children in New Jersey?
There is. With joint legal custody we would have a parent of primary residence and as I earlier stated, the parent of primary residence will be responsible for the day-to-day decisions concerning the children. With that joint legal custody then, that parent would have to confer with the other parent, regarding major decisions and that […]
WATCH: If one or both spouses own a business, is it always necessary to hire a business evaluator?
The first step is to evaluate whether the business is a marital asset or what portion of the business is a marital asset. Was the business gifted to one of the parties before or during the marriage, or has it grown during the marriage, that it was a premarital business and the parties invested […]
WATCH: What should be included in a prenuptial agreement for a business owner?
That’s a great question. The prenuptial agreement is a contract between two people who are contemplating marriage and is effective upon the date of the marriage or civil union. The agreement should include all property of the parties including their business, real estate investments, retirement accounts or pensions and debts. When I prepare a prenuptial […]
WATCH: If someone signed a prenuptial agreement, is there any way of getting it set aside during divorce?
If a prenuptial agreement’s prepared in accord with requirements of the statute, it should not be set aside. It must be signed by the parties voluntarily and must be conscionable. The parties must each provide full and fair disclosure of the earnings, property and the respective financial obligations. If there is a waiver of financial […]
WATCH: If a person is getting married and they don’t have any assets, do they need a prenuptial agreement?
That’s a great questions, I believe everyone should have a prenuptial agreement because you never know if a divorce is in your future. After all the statistics are one in two marriages end in divorce. Assume two people get married and one party just graduated from college and is a teacher and therefore has a […]
WATCH: How does a party with fewer assets protect themselves in a prenuptial agreement?
The first step is to get a lawyer to ensure that you are being treated fairly in a prenuptial agreement. If a party does not have significant assets and they are marrying the person that does have significant assets, it’s valuable for that party to have a prenuptial agreement so that he or she knows […]
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