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Alimony is one of the most hotly contested issues. When is it paid/received? How much gets paid/received? Over what period of time will it get paid/received? When will it terminate? The current statute on alimony and the long list of court cases which have resulted in the interpretation of the statute may change drastically based on new proposed legislation.
If you are paying or receiving alimony, contact one of the attorneys at Iandoli & Edens, LLC at (908) 879-9499 to learn if you will be affected by this new legislation. Click here http://www.iandoliedens.com to visit our website for more information.
Guest Post from Edward Metz, CDFA, from Money at Work LLC.
“Ready, Aim, Fire” is a lot more effective than “Ready, Fire, Aim”, wouldn’t you agree? So preparing for the financial aspects of the divorce is not only smart, it is crucial. Decisions you make now or in the heat of the moment, can affect the rest of your life, and in many cases, the lives of your children. Educating yourself on your present and future financial health will empower you to be a stronger player and will assist your attorneys in representing you in the most cost effective manner.
In a mediation oriented divorce, this will help both parties establish a fair and equitable distribution in the most cost effective way. In a litigated divorce process, it will not only ensure that you are armed with the understanding of your present and future financial health, it will give you and your attorneys the visual aids to assist them in representing you both orally and visually for the best possible outcome.
For more information on what you need to know before your divorce is final, please call Ed Metz, CDFA, at (973)895-1133 or go to http://www.MoneyAtWorkLLC.com.
Iandoli and Edens is collecting non-perishable food for the Backpack Program. It is a charitable organization which collects and distributes food to parents of children. If you would like to contribute, we will keep a box in our waiting room for non-perishable food items. The program has suggested:
•Cereal-low sugar, child friendly
•Canned tuna or chicken
•Macaroni “N” cheese
•Peanut butter and jelly
•Pancake mix and syrup
•Applesauce and fruit (single serve), no sugar added
•Shelf-stable milk
•Meals in a can, like Dinty Moore and Chef Boyardee
•Granola type snack bars
•Raisins, individually boxed
You are entangled in divorce litigation. Hopefully, you are looking forward to your new life and feeling optimistic, even in the midst of negotiating a settlement; which is often not easy. It can be exhausting and hurtful for many reasons, but most often these feelings can stem from your spouse’s spiteful and vengeful acts.
Your marriage may not have been picture perfect but there were probably moments of generosity and compassion. There were also probably many gifts exchanged between you and your spouse for holidays, anniversaries, special occasions, etc.
Does your spouse want a gift back that he gave to you during the marriage? Does he want the item or does he want you to pay to him 50% of its value in order for him to waive his rights to it? It seems that gifts should be off limits! Right? But, they are not. In fact, gifts between spouses are subject to equitable distribution just like the rest of your property.
You should speak with an experienced attorney about how to protect the items that mean the most to you. You can reach us at (908) 879-9499 or click onto http://www.iandoliedens.com to discuss your rights.
There is no clear rule about how assets should be divided upon a divorce. Negotiating a settlement can be tiresome but it also affords you the opportunity to be creative and to attempt to retain those items that have the most meaning to you.
Dollar amounts are not always vital to dividing your assets with your spouse. Maybe your wife wants to keep the artwork that’s been hanging in your hallway for some years and you want to keep your Porsche that you finally purchased after years of hard work. Now, the value attributed to each may not be equal and let’s say that the value of the Porsche is more. So, why would your spouse agree to this exchange? You may be surprised. Your concession and waiver of rights to the artwork may just be the bargaining chip you needed to keep your favorite car. Value is in the eye of the beholder!
You can reach us at (908) 879-9499 or click onto http://www.iandoliedens.com to discuss your rights.
Iandoli & Edens, LLC Donates to Chester Day!!
Date: May 11, 2013
Time: 11:00 a.m. – 3:00 p.m.
Look for our table near the Gazebo!!
Iandoli & Edens, LLC Donates to Chester Day!!
Date: May 11, 2013
Time: 11:00 a.m. – 3:00 p.m.
Look for our table near the Gazebo!!
Iandoli & Edens, LLC Donates to Chester Day!!
Date: May 11, 2013
Time: 11:00 a.m. – 3:00 p.m.
Look for our table near the Gazebo!!
While New Jersey has Child Support guidelines for certain income levels, there are no such charts for alimony. Join our 2-hour workshop to learn the factors affecting alimony, child support and distribution of assets and debt in separation and divorce.
Where: Morris Hills School of Adult and Continuing Education, Room 105
When: Tuesday, April 23, 2013
Time: 7:00 p.m. – 9:00 p.m.
To Register: Call Morris Hills School of Adult and Continuing Education at (973) 664-2295
We hope to see you there!
Matrimonial attorneys bill by the hour. The more hours required to complete your case the more it will cost. Typically, in most cases, some information has to be shared between the parties regarding the value of the assets, the amount of the liabilities, the ongoing living expenses for all parties involved (husband, wife and children) and the income. Then attention is paid to reaching an agreement on all issues of custody, support and division of the assets and debt. Once that is done, there remains the last and final step of obtaining the divorce from the Court. The sooner the parties have agreed to all issues, the sooner the case is resolved. In those cases in which the parties do not voluntarily settle all of the issues, a trial is required which takes more time and is of greater expense.
Sometimes one spouse is expected to contribute to the counsel fees incurred by the other spouse. The courts in the state of New Jersey want to be sure that both parties have access to counsel so that the playing field is even. If one spouse earns significantly more than the other spouse, the higher wage earner may be expected to contribute to the other’s counsel fees. Further, if the Court finds there was bad faith by a party, the Court may order that party to pay counsel fees on behalf of the other. To learn about your particular circumstances, contact one of the attorneys at Iandoli & Edens at (908) 879‑9499 and click here www.iandoliedens.com to learn more about us.
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