Tag Archives: equitable distribution

Jeralyn Lawrence Podcast Interview by Suzi Hixon of Legally Blissed Conversations

In this podcast episode, Legally Blissed Conversations interviews Jeralyn Lawrence, the Managing Member and Founder of Lawrence Law, who devotes her litigation practice to matrimonial, divorce, and family law, and is a trained collaborative lawyer, divorce mediator, and arbitrator. With an astounding list of awards and recognition behind her, Jeralyn continues to lead the way…

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Lack of Judges is ‘destroying children and families’ Says NJ Bar Association

  Jeralyn Lawrence was interviewed by Branda Flanagan of Update New Jersey.  “What we’re trying to convey here is, this is beyond crisis. This is catastrophic. Real people are being harmed here.” New Jersey State Bar Association President Jeralyn Lawrence pulled no punches, describing the state’s judicial vacuum as a historic lack of judges —…

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Divorce Negotiations and Stock Options

How Executive Compensation Could Affect Your Divorce Settlement For New Jersey couples with significant financial assets, several contentious issues may arise during divorce negotiations. Property division and alimony decisions can be affected by various types of assets and compensation, including non-traditional income such as executive compensation or employee incentives. A New Jersey divorce lawyer can…

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Important Factors to Consider When Planning for Post-Divorce Life Amid the Pandemic

Will COVID-19 Change Post-Divorce Finances? Under normal circumstances, soon-to-be ex-spouses need a roughly 30% increase in income, on average, to maintain the same standard of living they had before needing a divorce law firm. However, we are no longer under normal circumstances. The pandemic is further complicating financial pictures for individuals planning for their post-divorce…

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There is No Community Property in New Jersey

There is no community property in New Jersey. Said differently, the concept of community property is not a recognized legal concept in New Jersey divorce cases. In New Jersey, the division of property amid a divorce falls under principles of equitable distribution. All marital assets get equitably distributed in a New Jersey divorce. Among these…

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Jeralyn Lawrence Published in The Clarion

Jeralyn Lawrence, Founder and Managing Member of Lawrence Law, had an article published in Volume 10, Issue 2 of The Clarion. Lawrence’s article, published in January 2020, discusses equitable distribution of negative equity.  It addresses the issue when one party to a marriage seeks to retain an asset that, at the time of trial or…

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Equitable Distribution of Negative Equity

  The factors that must be considered by the court for purposes of determining equitable distribution of assets and debts acquired during marriage are identified in N.J.S.A. 2A:34-23.1. Items included for purposes of equitable distribution are: marital properties vehicles bank accounts stock options retirement accounts mortgages credit card debts automobile loans any other assets and…

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Tax Issues for Divorced or Separated Individuals

The IRS, Publication 504, outlines a host of tax filing requirements for people who are married or separated when filing their annual tax returns. You are considered divorced for the entire year if you are divorced on any day in a given tax year. This is true even if you got divorced on December 31. …

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