Understanding Equity in New Jersey

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By: Natalie Thompson, Esq. A Roof Over Your Head The most valuable asset that most couples have is their home. During the last few years, the real estate market has suffered, resulting in a drastic decline in property values. In addition record levels of unemployment have left many people unable to make their monthly mortgage payments. As a result of this bad economy, many marital homes, which were once a couple’s greatest asset, are now their greatest liability. These circumstances are difficult for the most happily married couple; however, for couples considering separation or divorce, these circumstances can be devastating. During a divorce...

19 March

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Judge Rules Christie’s Pension-Cutting Move Unlawful

Posted by GCLT

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New Jersey Judge Mary C. Jacobson has ruled that when Gov. Christie declined making the full pension payment for public employees last year, he was violating state law. He is has now been court ordered to find a way to fund the remainder of the payment, a cost of $1.57 billion. The ruling could not come at a worse time for the governor, as he is already struggling with the lowest in-state approval ratings of his tenure. As far as his future plans go, Mr. Christie must be feeling the damage his current dilemma will have on his presidential ambitions. The judge...

18 November

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New Jersey Alimony Amendments

Posted by Natalie Thompson, Esq.

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By: Natalie L. Thompson, Esq. If you have an existing alimony obligation, the recent reform to New Jersey’s alimony statute may be able to provide some relief to you. While many of the provisions only apply to individuals who do not yet have a final judgment of divorce, there are several provisions which apply to cases in which the Judgment of Divorce was entered. These provisions were designed to provide relief to an obligor who has had a financial change of circumstance since the initial alimony award, who seeks to retire or whose former spouse is cohabiting. Change of Circumstances: The recent...

21 July

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NJ Alimony Reform

Posted by GCLT

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No one likes to pay alimony, but many people need alimony. How do we reconcile those opposing positions? It becomes more complex with the competing interests of the Judiciary (who want to maintain the power and discretion to award alimony as each case unfolds) and the need to reign in the uncontrollable disparity of alimony awards from judge to judge, county to county, and day to day. Add to the mix the family law bar, who are opposed to formulae that will remove an issue that they can litigate on behalf of their clients, and the anti-alimony groups, who believe...

30 July

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The Obama Plan: Making Home Affordable Program

Posted by GCLT

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My Home is in Foreclosure! Are you one of the many homeowners facing foreclosure? Do you owe more on your house than what it is worth? Have you or your spouse ever lost their job or faced a reduction of income? Many people both across the country and here in New Jersey are answering, “yes” to these looming questions. Is there a way to save the home you live in? The Obama Plan – In theory: In March 2009, President Obama and his administration set up guidelines for the Making Home Affordable Program. This changed the way estate planning in NJ would work....

Understanding Equity in New Jersey

Judge Rules Christie’s Pension-Cutting Move Unlawful

New Jersey Alimony Amendments

NJ Alimony Reform

The Obama Plan: Making Home Affordable Program

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