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June 2018 Archives

What are gray divorces and why are people getting them?

If you're age 50 or beyond, you've likely gone through ups and downs in life, especially concerning your marriage and raising children. Perhaps things are getting a bit easier now, at least, hopefully they are. Maybe you have a few grandkids, are in good shape to retire and have plans to travel and enjoy life in your golden years. As part of this age group, you may also be one of many New Jersey residents who plan to include divorce on their list of things to do later in life. 

How is property divided in a divorce?

Splitting up with your spouse upends much of your life. That includes separating all your assets, including houses, automobiles, retirement savings and other property. It may seem hard to know where to start.

Property division basics during divorce

Because property division can be overwhelming during divorce, it is helpful to understand how assets are divided when a couple has made the difficult decision to divorce. Property division in New Jersey is conducted according to equitable property division rules. What this means for divorcing couples is that their property will be divided as fairly as possible, but not necessarily in half.

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Law Office of Robert Ricci, Jr.
136 Central Avenue
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Clark, NJ 07066

Phone: 732-587-7051
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