Law Offices of Peter G. Aziz & Associates LLC
973-928-0577
Serving Legal Needs
In New Jersey.

July 2018 Archives

Planning for co-parenting after a divorce

When parents in New Jersey decide to divorce, it can be an abrupt shift into a co-parenting environment. However, both parents can overcome the challenge if they just remember to keep the best interests of the children in mind. This is especially true when it comes to encouraging interaction with the other parent. While a newly divorced person may have little desire to see or interact with their ex-spouse, it is a necessity when children are involved. Except in cases of abuse, it's important that kids are encouraged to love and engage with both of their parents.

Divorce often leaves women financially vulnerable

Women in New Jersey and around the country often find themselves financially vulnerable following a divorce according to a study released on July 11 by Worthy. The online auction marketplace polled 1,785 women who were either divorced, contemplating one or in the process of ending their marriage, and they discovered that many of them lacked financial knowledge and had made no plans for their retirements. This could be why half of the respondents said that living on a single income was one of their biggest financial fears.

Dividing 401(k) and other retirement assets in divorce

New Jersey residents who are approaching or going through divorce are likely to have disagreements about financial matters. According to a survey conducted by the American Academy of Matrimonial Lawyers, the top things divorcing couples fight about are alimony, business interests and retirement accounts. When it comes to dividing 401(k) assets, couples can sometimes make mistakes. Here are a few things to keep in mind when splitting up a 401(k).

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