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August 2014 Archives | Morristown, New Jersey Personal Injury Law Blog

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August 2014 Archives

PALIMONY IS A COMPLEX ISSUE IN NEW JERSEY

If two people have been in a long-term relationship but were never married, the issue of palimony may arise when they decide to split. Similar to alimony in divorce cases, this could occur if the couple separates and one former partner requests financial support from the other.

DIVIDING ASSETS IN A NEW JERSEY DIVORCE

Marriage is not only a romantic pairing – it is also an economic contract, meaning that all of the couple’s possessions, assets and debt are legally owned by both parties. When a couple chooses to divorce, one necessary order of business is to divide and distribute those assets in a way that’s fair for both spouses.

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