Legal Help In New Jersey Divorces After Long-Term Marriages
The Wall Street Journal recently reported on what seems to be an increase in couples seeking divorce in New Jersey and elsewhere after long-term marriages.
According to the U.S. Census, fewer first-time couples are making it past the 25 year mark, even as life expectancy has increased. That agrees with the observations of many divorce attorneys and financial planners, who say they are seeing more long-term couples calling it quits.
The longer the marriage, the more complicated it may be to disentangle yourself from your spouse during and after the divorce. In New Jersey divorce cases following long-term marriages, where alimony is warranted more often than not the alimony award is permanent—which means it will never end until either party dies, the supported spouse remarries or there is a substantial change of circumstances.
The disposition of businesses started or continued during the marriage, substantial investments made by one or both spouses, retirement assets, second homes, and the myriad state and federal tax issues that accompany the division of those assets are some of the other complicated issues which commonly face couples who divorce in New Jersey after long-term marriages.
Complicating matters is the fact that long-term marriages typically leave much less time for either party to rebound financially before reaching retirement age. Consequently, the outcome of a divorce may determine your standard of living for the rest of your life.
The more complex the case, the more important it is to select a New Jersey family law firm with the knowledge, experience and resources to properly represent your interests. Over the years, many people who need to end a long-term marriage which involves substantial income and assets, as well as complicated legal issues, have turned to Salvaggio Law Group LLC for legal representation.
If you would like to set up a personal and confidential appointment, call us at (973) 455-1220 or fill out the Contact Form on our website.