If the business was created during the marriage, it is subject to equitable distribution.
One of the factors that the court will examine is both party’s involvement in that business.
Generally speaking, it’s an asset subject to equitable distribution.
The increase in value, and arguably, the decrease in value, are subject to equitable distribution.
Experts have to determine what it was worth at the time of the marriage and what it is worth today and establish that incremental value in term of allocating an equitable distribution.
A court may say “this business has not increased in value and the person running the business gets to keep that asset because there is no value to allocate.
When a parent is not awarded custody during a separation or divorce, they could still be granted access to their child through visitation, also referred to as parenting time. While New Jersey courts will always try to allow the child to maintain a relationship with both parents, visitation rights could… Read More
When it comes to custody disputes and family law, there is a widely believed yet false assumption that fathers may not have equal rights to their children, especially if the mother is seen as the primary caregiver. It is important to understand, however, that fathers have the same legal rights… Read More
When it comes to divorce, stress is inevitable. However, it’s how you deal with your fears and anxiety that counts. Understanding how best to handle stress during your divorce is crucial for your health and to protect your legal rights throughout the process. To learn more, read on and acquire… Read More
In New Jersey, child custody determinations are made based on what is in the best interest of the child involved. Judges will consider what living arrangements will promote the child’s healthy growth and development, and keep them safe both physically and emotionally. Child custody orders born from divorce proceedings can… Read More