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Dirty Tricks in Divorce Mediation - Equitable Distribution
Unlike Parenting Plans where each party tries to have the best interests of their children in mind, when it comes to money, those rules go out the window and the arguments over who gets what, take over. With regard to the distribution of assets and liabilities, some of the tricks I've seen clients attempt to use in order to gain advantage over the other party in mediation include:
The good news is while NJ isn't a "50/50" state, we do subscribe to the concept of what is "fair and equitable" and in doing so, most people know what is fair and equitable even though the begrudgingly agree to it in mediation. With that in mind, stay on your toes and don't be afraid to ask for financial help if you need it. There are many talented people out there from financial planners to accountants who can help you determine what a fair and equitable settlement, whatever your needs may be.
To file for divorce in New Jersey under no-fault grounds, the couple must have been living separate and apart in different residences for at least 18 consecutive months. There must be no hope of reconciliation in the marriage.
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"A Plain English Guide to Protecting Your Children"
Author: Mary L. Boland, Attorney at Law
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