It’s A New Year – Time to File for Divorce in New Jersey?
When the ball drops each year, one of the New Year’s resolutions of many New Jersey residents is to get a divorce.
Getting a Divorce in New Jersey
Commonly, divorce rates rise in January. In New Jersey, as in other States, more Divorce Complaints are filed in January than in other months of the year.
However, it is not just a flood of resolutions which leads to the increase in filings. If a couple has children, they will sometimes wait to file for divorce, to avoid any acrimony during the holidays. This is often accompanied by a desire to spend one last holiday together as a family, before divorcing.
An article which recently appeared in msnbc.com noted that there are often other reasons to wait until January to file for divorce.
One financial reason to postpone a divorce is the end of the year bonuses that some employees receive. Why is that important? In New Jersey divorce cases, the filing date of Complaint for Divorce is called the “cut off” date, and any assets or income that are acquired after that date may not be eligible for equitable distribution.
Avoiding impulse spending on the joint credit card is another advantage to waiting until January to file for divorce. If a spouse is surprised with divorce papers in the midst of the holiday season, there may be a temptation to run up the bill on your joint credit card, as a form of revenge. By waiting to file, this impulse may be avoided and you can save yourselves some money.
Salvaggio Law Group LLC devotes its entire practice to New Jersey Divorce and Family Law matters.
If you want to talk, please call us at (973) 455-1220 or fill out the Contact Form on our website.