Aspects of Divorce in New Jersey

There Are No One-Size-Fits-All Solutions

Every divorce involves many factors. It is essential that your divorce lawyer can employ a customized strategy based on your needs. For example, you and your spouse may be on amicable terms and may be close to agreeing on all issues. In this type of case, you may be able to take a swifter and more cost-effective approach through divorce mediation or collaborative divorce. On the other hand, you may already be engaged in a bitter dispute over these issues. Negotiation may be out of the question. In this situation, you may need to pursue divorce litigation and, ultimately, a trial in New Jersey.

We'll Tailor Our Approach to Your Needs

At the Law Office of Steven P. Monaghan, LLC, regardless of the route your divorce must take, our divorce firm is on your side from beginning to end. We will fight for you when needed and negotiate when possible, strategically planning for the best possible outcome.

Our team is led by Steven P. Monaghan, one of a very limited number of attorneys certified by the Supreme Court of New Jersey as a matrimonial law attorney. Considering that the outcome of your divorce will affect your future from a legal, financial and emotional standpoint, your interests will be best served if you have an experienced and certified attorney guiding your case.

Call our Red Bank firm for a free consultation at Law Office of Steven P. Monaghan

We Handle Tough Cases in Red Bank and the Surrounding Areas

Our Monmouth County divorce firm works with people facing some of life's biggest challenges. Our attorneys are adept at taking on highly contested, emotional divorce cases, helping you to understand all of New Jersey divorce laws. We work tirelessly to achieve positive results for our clients. For instance, we represent clients facing complex financial situations, challenging child custody issues and more.

Beginning with grounds for divorce, we handle all aspects of the divorce process. From uncontested divorce cases to highly contested high-asset divorce cases, we can effectively address every issue, including:

• The distribution of marital property: How your marital property is distributed in divorce will greatly impact your finances. We will work diligently to protect your rights.
• Child custody and visitation: We strive to create workable parenting time schedules that are in a child's best interests.
• Child support issues: Our lawyers fully understand the child support laws and how they apply to your situation.
• Alimony (spousal support): Whether you expect to pay alimony or hope to receive it, we will protect your rights.

Our divorce firm in Red Bank also handles modification of custody, support and alimony in the years after a divorce has been finalized.

What to Consider Before Filing for Divorce

Before filing for divorce, litigants should be prepared for life after divorce, as well as the divorce process. While no one gets married thinking they are going to get divorced, it is important that if one is contemplating divorce at any point during their marriage, that they begin to prepare for what lies ahead.

Some Important Factors

First, it is important to understand the implications that a divorce will have on your children. There will be a different parenting time schedule than the child is used to. This includes holiday traditions possibly changing. Further, the child, as well as the parties, need to understand that the financial arrangements are going to change, as there are now two households being supported on the same amount of money.

Every Case Is Different

While everyone talks with their friends or family members about their pending divorce, parties should not compare themselves to any other couples who are getting divorced or who already are divorce. Every case is different, as everyone's circumstances are different, and therefore everyone's divorce will be different. What might have happened in your friend's divorce, may not necessarily happen in your divorce.

Determining Your Goals

It is important to discuss with your attorney what your goals are and what you are willing to compromise on and what you are not. As no one knows your life and your circumstance better than you, it is important to share this information with your attorney so that they can fight for it for you.

Source: Huffington Post, What I Regret About My Divorce (It isn't what you think), Al Corona, April 26, 2016.

Divorce Issues in Monmouth County

If you are like many of our Red Bank clients facing divorce, chances are you have many questions and concerns. We understand. Divorce is such a complex and individual process. By many measures, it is a major life event.

For nearly six decades, we have been successfully guiding clients like you through this significant life event. We are the experienced Monmouth County divorce attorneys at the Law Offices of Steven P. Monaghan, LLC. Let us guide you.

Two Basic Divorce Issues

With all of the many issues facing you in divorce, they can be divided between two general categories: child and financial issues. Everything falls into at least one of these categories and all of the pertinent issues must be addressed in the divorce judgment.

How these specific issues are treated in a divorce depends not only on New Jersey law but also on the particular circumstances in an individual divorce.

Child Issues

Some specific child issues related to divorce include:

• Legal custody: The right to make important decisions for the child, such as education, religion and health.
  • Joint legal custody: When both parents have the right to make those important decisions.
  • Sole legal custody: When only one parent has the right to make those important decisions.
• Physical custody: The one parent — known as the custodial parent — with whom the child lives throughout the entire year.
  • Shared physical custody: When both parents separately have the child living with him or her, for a portion of the year, per an agreed-upon schedule.
• Parenting time: Prescribed time when a parent is present with the child.

Financial Issues

Some specific financial issues related to divorce include:

• Child support: The legally mandated amount of money the noncustodial parent is obligated to pay the custodial parent for care of their child.
• Post-high school expenses for the children: Under New Jersey law, the noncustodial parent is also obligated to pay these expenses.
• Spousal support: The legally mandated amount of money one ex-spouse pays the other, also known as alimony. If an unmarried partner seeks support, that is called palimony.
  • Limited duration: Spousal support that will end at a specific point in time, prior to the death of the recipient.
  • Rehabilitative: Spousal support that is provided for a period of time until the recipient ex-spouse can become financially self-sufficient.
  • Reimbursement: Spousal support provided to an ex-spouse as reimbursement for what that ex-spouse contributed to the other during marriage.
  • Permanent: Spousal support lasting for the lifetime of the ex-spouse.
• Property division: How all the assets and/or debts that were shared during a marriage are now divided between the two ex-spouses during divorce. Assets can include the marital residence, retirement accounts and pensions, life insurance, taxes, and counsel fees.

Monmouth County High Net Worth Divorce

As a law firm with over 60 years of combined experience led by a certified matrimonial attorney, the Law Office of Steven P. Monaghan, LLC is prepared to handle the most complex divorce cases.

If yours is a high-asset divorce case, you can be confident in our ability to address the unique property and financial issues that may be involved, including:

• Prenuptial agreements
• In-state and out-of-state real estate holdings
• Business assets
• Pensions and retirement assets
• Stocks, bonds, and other investment assets

We have a thorough understanding of the legal issues specific to high net worth divorce.

Protect What You Have Earned

The greater and more complex your family's holdings are, the greater your challenges are likely to be in divorce proceedings. Key to avoiding time-consuming disputes is detailed accounting and thorough preparation, with all assets valued properly. This intensive preparation of offshore accounts, real estate holdings, corporate concerns, and businesses can be a tricky business. It will require a careful review by trusted financial analysts and forensic experts. We are prepared to provide these services and are dedicated to doing so in a thorough but cost-effective manner.

Related Reading

• Two Different Paths for Divorce: Which is Right for You?

Contact Us for a Free Initial Consultation

If you are ready to proceed, call our dedicated team today at (732) 624-6343 to schedule an appointment. We have 60+ years of combined experience and are ready to support you!

We are located in Red Bank, NJ and serve those throughout Monmouth County. Reach out to the Law Offices of Steven P. Monaghan today: (732) 624-6343.