Financial Issues Archives | Page 2 of 3 | Townsend, Tomaio & Newmark

Are Any of My Assets Protected from Equitable Distribution during Divorce?

Posted on February 7, 2019February 1, 2019 by Accel Admin

One of the most commonly asked questions during any divorce or divorce mediation is "Are any of my assets protected from being divided during my divorce?" Unfortunately, there is no easy answer to this question. Equitable distribution depends on a great many factors specific to each divorce, and you will need to work closely with your Bergen County divorce attorney in order to determine exactly which, if any assets, can be…Read More

Setting Aside a Judgment of Divorce in Bergen County

Posted on February 1, 2019May 29, 2020 by Accel Admin

Divorce can be a damaging and traumatic experience. Having to go through a divorce in any family law court can be expensive, time consuming and emotionally draining, to say the least. Division of assets, alimony, child custody and child support are among the many topics that can be difficult to work through and reach mutually agreeable terms. As with most unpleasant experiences many people try to either avoid dealing with it…Read More

Avoiding Unnecessary Financial Costs & Emotional Pitfalls in Your Bergen County Divorce

Posted on January 26, 2019January 26, 2019 by Accel Admin

Litigation is a tool for protecting and enforcing your rights. Any family attorney would be remiss if they didn't emphasize in their initial consultation that litigation can be unpredictable, the resulting financial costs unknown, and the potentially devastating emotional toll it could take on yourself, your spouse, and any children you may have, if things get personal. Your choice on whether to take the case to trial must factor in objective criteria…Read More

Asset Division Enforcement Attorneys Bergen County NJ

Posted on November 26, 2018December 18, 2018 by Accel Admin

Assisting Clients across Ridgewood, Paramus, Teaneck, Hackensack, Fort Lee, and Bergen County After the long and sometimes arduous divorce process, we hope that the agreed upon settlement which defines division of assets, alimony and spousal support, child custody, child support, and more, will be respected. Unfortunately, that is not always the case. Whether it be for financial or emotional reasons, some individuals refuse to adhere to the terms of their divorce…Read More

Divorce and Dependent Child Benefit for 2018 Taxes in Bergen County NJ

Posted on October 31, 2018 by Accel Admin

Do you remember that last year (in 2017) Congress passed the largest piece of tax reform legislation in more than three decades? For couples who are separating or divorcing AND who have either high- or low-value assets, the changes are likely to affect your returns for tax year 2018 (the one you’ll file in 2019). If you are divorcing, you may want to know: "Who gets to claim the Dependent…Read More

Bergen County Divorce and Equitable Property Division

Posted on September 24, 2018September 20, 2019 by Accel Admin

[caption id="attachment_1820" align="alignleft" width="279"] “Equitable” Property Division[/caption] Probably the two areas of divorce that trigger long-lasting conflicts for separating spouses are children and money. Too often they are areas of continuing stress, even after the divorce is finalized. This article will focus on the second (money) and how property assets and liabilities are divided. First, we’ll clarify the concept of “equitable” divisions and how it applies in New Jersey. We…Read More

If I am Not Married, Can I Still Get Child Custody and Child Support?

Posted on August 10, 2018 by Accel Admin

Though most of us may have been raised in a "traditional" family, these days many parents are deciding to remain unmarried but still raising their children together. Much like in the case of divorce, in order to have a smooth relationship it is best for both parents to come to an agreement about such important issues as child custody, child support, parenting time and visitation. While child support and child…Read More

Common Mistakes During Divorce in New Jersey

Posted on July 29, 2018January 22, 2019 by Accel Admin

The divorce process in New Jersey can be quite complex. Not only are there practical and legal requirements to see that your divorce is completed, but there are also a litany of financial and personal issues to resolve as well. Many individuals going through a divorce make easily avoidable mistakes simply due to a lack of understanding of how the process works. Today, our divorce attorneys will identify some commonly made mistakes and how…Read More

Why Cohabitation Agreements are so Important in Bergen County, NJ

Posted on May 29, 2018 by Accel Admin

Unmarried couples are choosing to live together without getting married at a higher and higher rate. While this is a great choice for many couples and families, it also creates a situation where the legal rights of individuals may not be protected in the case of a break-up or other complicating situation. When married couples go through a divorce, they are granted certain legal rights when it comes to division of marital property, alimony and spousal…Read More

Real Estate Appraisals and Divorce

Posted on April 30, 2018 by Accel Admin

New Jersey divorces often involve the equitable distribution of owned real estate. Whether you are planning on continuing to jointly own the property, transfer the deed to a single owner, or sell the property outright, an accurate and timely appraisal can be a vital step in the process. There are many ways to approach the division of marital assets for divorcing couples, each carrying advantages and disadvantages based on the unique circumstances surrounding…Read More

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