financial-mistakes-400-08377485dWhen negotiating a divorce settlement, it isn’t uncommon for people to fight for everything they believe they are entitled to – property, financial assets, support payments. Too often, however, people let their emotions cloud their judgement; they fail to consider the ramifications of their settlement and overlook issues that could negatively impact their future financial well-being.

It might be nice to keep the family home after your divorce, but can you afford the mortgage payments, the tax bill, the upkeep? What about those joint loans or credit lines you and your spouse have? Unless you have assurance that your ex will live up to his or her obligations after the divorce, you could find creditors coming after you for the full payment of those obligations.

Some financial issues that require attention during the course of your divorce negotiations are obvious; others can easily be overlooked. Read “Financial Mistakes to Avoid when Getting Divorced” to identify common issues that should be addressed before your divorce is final in order to avoid financial consequences later.

prenuptials-400-08291531dThere was a time when prenuptial agreements were associated mostly with celebrities and the very wealthy. Today, however, couples frequently wait longer to marry. They enter these unions after first building careers and accumulating financial assets independently. Conversely, they also bring individual financial liabilities to the relationship as well. As a result, prenuptial agreements have become more commonplace now than they were with previous generations.

Discussions about money can be uncomfortable for even the most compatible couples, yet financial issues are often cited as at least a contributing factor in relationship break-ups. The time to discuss who owns what and how money should be handled during the marriage is before the couple says, “I do.”

What should be included in a prenuptial agreement depends not only on the terms the couple has agreed upon, but also on the laws governing marital property, divorce and alimony in the state where the couple resides. Jamie Schoen’s article, “5 Things to Think About When Considering a Prenup,” poses questions couples should ask themselves before drawing up this legal agreement.

coping-400-06888385dFor some people, divorce is the only solution to the problems in their relationship. Still, it is difficult for everyone involved as they adjust to changes in family finances and lifestyles. Children can be most affected since they very often don’t understand the circumstances that led to this change in their family life.

Children react differently to their parents’ divorce – some act out behaviorally at home or in school; others keep their feelings pent up, only for these feelings to surface at a later time in their development. Most parents go to great lengths to protect their children from being traumatized by their divorce. One of the best things they can do is consider their children’s needs first, according to Dr. Kyle Pruett, a clinical professor of child psychiatry. To learn more about how you can help your child adjust to your divorce, read Dr. Pruett’s article, “Helping Children Cope With Divorce.”


custody-400-04369363dWhen facing divorce, many parents will go to great lengths to arrive at custody agreements that protect the daily routines of their children as much as possible. Allowing children to remain with the friends and schools they’ve become accustomed to can prove helpful as they adjust to their parents’ divorce. Unfortunately, this isn’t always possible.

Sometimes parents are faced with unexpected circumstances – a change in finances or employment, for example – that jeopardize their ability to live up to the terms of even the most well-planned custody agreements. Ignoring the terms spelled out in your custody agreement can have costly consequences, a lesson one New Jersey couple is learning the hard way. For details, read “Parents ordered to pay N.J. school district $55K tuition in residency dispute.”

One way to avoid a similar situation is to return to court to seek a new or amended custody agreement and keep the terms of the new agreement in mind when making modifications in your life to meet your changing circumstances.

bullying-400-05696906dMost people would agree that bullying needs to end. How to best accomplish this and protect our children is the question.

After a number of well-publicized suicides by victims of alleged bullying, New Jersey passed what has been referred to as the nation’s toughest anti-bullying legislation. The Anti-Bullying Bill of Rights was adopted on Sept. 1, 2011 and replaced much weaker legislation that had been on the State’s books. The Bill attempts to prevent bullying through the education of students and school staff about what constitutes bullying; the creation of teams of school personnel and parents to whom these behaviors can be reported; and the investigation of all reported acts of bullying.

Some may say New Jersey’s law is too rigorous, while others may think it doesn’t go far enough. Consider the case of one Wisconsin town that recently made the news by passing legislation allowing for parents of children found guilty of bullying to be fined. Read “Wisconsin Town Will Fine Parents of Bullies $366” to learn more about this most recent anti-bullying measure.

Stressors leading to divorce - photo of groom placing ring on bride's handMarriage is a lifetime commitment. While most people take that commitment seriously, sometimes things occur leading a couple to the realization they can no longer honor their vows to stay together “till death do us part.” The exact reasons behind any divorce are as unique as the individuals involved, yet there are certain common life events that can add to a couple’s stress and perhaps even influence their decision to part ways.

A recent article on explored various life changes and stressors that could negatively affect a marriage according to Elizabeth Ochoa, PhD., Beth Israel Medical Center’s chief psychologist and marriage counselor. Read Amanda MacMillan’s article, “Life Events That Can Lead to Divorce,” to learn more.

Joint Custody -- photo of pen and corner of eyeglasses lying on a Child Custody agreementDivorce may be the answer to a troubled marriage but when children are involved, the relationship between spouses never truly ends. Although divorce negotiations can sometimes be bitter, custody arrangements require cooperation if they are to work.

There are various forms of custody designed to suit the unique circumstances of individual families. However, most people believe that joint custody, if possible, is best for the children. For this, couples need to put aside their differences and focus on the needs of their children. To learn how to do that, read “9 Rules to Make Joint Child Custody Work.”

Child custody -- photo of girl with her back to camera staring out windowWhen it comes to making decisions regarding child custody matters, courts take into account the ‘best interests of the child.’ However, what is actually in the child’s best interest may not always be easy to ascertain. Consider this recent case out of California.

The Page family of Santa Clarita, CA, lost custody of a young girl they had been fostering since 2011 when the Department of Children and Family Services of Los Angeles County took her from their home last month and placed her with extended family in Utah. The reason? The girl has traces of Native American ancestry – 1/64th percent – and as such, the court ruled that her custody is determined by the Indian Child Welfare Act of 1978. That Act states, in part, that Native American children should be kept with Native American families. For more details about this custody battle, read “6-Year-Old Girl Taken From Longtime California Foster Family for Being 1/64 Native American.”

divorce-and-taxes400-04880363dApril 15, the tax filing deadline, is quickly approaching. You’re newly divorced – or in the process of becoming so – and ready to file your individual tax return. Not so fast. There are a few things to remember about divorce and your tax filing status.

For tax filing purposes, if your divorce was not finalized prior to year-end, you are still considered married for the year in the eyes of the Internal Revenue Service, even if you and your spouse were living separately. As a result, your filing status for the year is married; you have the possibility of three options for filing your 2015 income taxes: married filing jointly, married filing separately or, possibly, filing as head of household. Read “What to know when filing taxes and getting divorced” for more information.

surrogacy-400-05337127dWhile they were married, actress Sherri Shepherd and her now estranged husband, Lamar Sally, entered into a surrogacy agreement with a Pennsylvania woman when they decided to start a family. Before that baby was born, however, the couple filed for divorce (he in California and she in New Jersey), and Ms. Shepherd was ordered to pay support the child. Ms. Shepherd sought to have the surrogacy agreement voided. A Pennsylvania court denied her request and, more recently, the Pennsylvania Supreme Court upheld that ruling. See “Actress Sherri Shepherd loses surrogacy case, paying support.”

For some couples facing fertility issues and other factors that prevent them from beginning a family by traditional means, surrogacy is a viable solution. But it is a very complicated arrangement with many gray areas.  NJ state lawmakers last year grappled with a bill that would have clarified matters for couples entering into “gestational carrier” agreements with persons willing to bear their children for them. See “N.J. Senate approves bill expanding definition of surrogate parenting.” That bill, however, was vetoed by New Jersey Gov. Chris Christie last July, leaving surrogacy arrangements a very tenuous solution.