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We’re getting divorced. Sounds simple, right? While the maxim “No happy ever ended in divorce” rings true, almost 700,000 Americans get divorced each year— between 40% and 50% of the married population.
However, there are many different types of divorces, and divorce is rarely simple. When a couple makes the difficult decision to terminate their marriage, both individuals’ emotional states may be heightened and precarious. Divorce is not without complications, regrets, and tears, as any experienced family attorney knows.
Let’s look at the many factors in a divorce and how a Hackensack divorce lawyer can help you.
Obviously, the number one priority when a couple decides to divorce is the child or children. (If the divorcing couple does not have any dependents together, this may make the divorce more straightforward.) The children’s emotional state, mental health, physical well-being, and accustomed lifestyle (i.e., residence, school, extracurricular activities) are of paramount importance. After all, you’re presumably going to be co-parenting together for a long time. For more on this, please visit our pages on Child Custody and Child Support.
Is the marital home owned jointly? Can one co-parent afford to buy the other out of the home (and do they want to)? Which car is registered in whose name? What about savings, stocks, bonds, 529 accounts for college, and 401(k) plans for retirement? All these assets will be taken into consideration in a divorce, and a Hackensack divorce attorney will help guide you through the division of assets, making sure you receive your fair share (as well as tackling the issue of alimony). For more on this, please visit our pages on the Division of Property and Equitable Division.
Is there a second home, a vacation home, a pied-a-terre? (Or a third home?) What does the portfolio of the divorcing couple look like? How about the valuation of a business? If the couple possesses what may be termed ‘high assets,’ your capable divorce lawyer may work with a Forensic Accountant and/or a Wealth Manager or a team of Financial Advisors in Hackensack to determine the best way to manage your assets and their distribution— without compromising their worth in the divorce proceedings. For more on this, please visit our pages on High Asset Wealth Protection and High-Income Child Support.
Increasingly, the status of the family dog or cat (or parakeet or what have you) factors into a divorce. As statistics show, most Americans spend over $1,000.00 per year on their pets; this makes sense— your family pet is a member of the family, and ownership and/or visitation rights may be a factor in your divorce.
No one enters a marriage thinking it will end in divorce. At O’Cathain Law Group, though, our motto is Move Forward. And though it may be hard to believe as you read this right now, there will come a time when you move forward in your divorce. There may come a time when you even think of your co-parent or ex-spouse with a rueful sigh or a silly laugh because you’re no longer angry— everything’s been sorted out, and you’ve moved forward. Your Hackensack divorce attorney is here to assist you in getting to that time.
Reading this and thinking of divorce? Call our offices, fill out the intake form, or email a dedicated Family Law paralegal to speak with a Hackensack divorce lawyer at O’Cathain Law Group.