Category: Real Estate
Divorce and Marital Propery Law Attorneys Monmouth and Ocean County NJ
Most couples who begin a divorce are unprepared and not even on the same page when they begin.
This lack of preparedness and readiness for a divorce causes divorces to deteriorate into competitive contests, especially when it comes to dividing assets.
Also known as equitable distribution, property division is the process of dividing property rights and obligations between spouses during a divorce. Property division may be agreed upon between the spouses through a property settlement or decided in court during the judicial process of divorce. The property division process is affected by state laws such as community property laws, definitions of marital contributions, etc.
New Jersey is an equitable distribution state, and only property acquired during the course of the marriage is subject to division following divorce. Some factors considered by New Jersey courts in a property division case include non-monetary contributions, contributions to a partner’s education, economic misconduct, and a list of other factors defined in New Jersey law.
Is there a set list of statutory factors for determining property division in the state of New Jersey?
New Jersey has a list of factors set by statute that specify what the court will use to determine a fair property division. Examples of factors that are often taken into consideration during property division cases include:
- Marital Fault – In states that allow at-fault divorces, the fault of one spouse may be used by the judge to justify a higher percentage to the injured spouse.
- Economic Misconduct – In New Jersey, spouses who wastefully or fraudulently spent marital assets may receive a lower percentage of the marital property.
- Income and Earning Capacity – The court may consider each spouse’s relative gains and earning capacity, which may be affected by factors such as age, education, and health. The spouse with lower economic prospects may receive a larger percentage of the estate.
- Educational Contributions – In New Jersey, spouses who contributed significantly to their partner’s education or earning capacity may receive a percentage of the marital property.
- Custody of Children – If one spouse has full custody of the couple’s children following the breakup, this may result in a higher likelihood of receiving a higher percentage of the estate or certain marital property pieces (like the family house).
What do the courts in the state of New Jersey consider in the decision of equitable distribution?
The standard of living established during the equitable distribution law in New Jersey is similar to most equitable distribution states. New Jersey law directs the Court to consider fourteen factors in determining an equitable, fair, and just division of assets. They are:
- The duration of the marriage.
- The age and physical and emotional health of the parties.
- The income or property brought to the marriage by each party.
- The standard of living established during the marriage.
- Any written agreement made by the parties before or during the marriage concerning an arrangement of property distribution.
- The economic circumstances of each party at the time the division of property become effective.
- The income and earning capacity of each party including education background, training, employment skills, work experience, length of absence from the job market, custodial responsibilities for children, and the time and expense necessary to acquire sufficient education or training to enable the party to become self-supporting at a standard of living reasonably comparable to that enjoyed during the marriage.
- The contribution by each party to the education, training, or earning power of the other.
- The contribution of each party to the acquisition, dissipation, preservation, depreciation, or appreciation in the amount or value of the marital property and the contribution of a party as a homemaker.
- The tax consequences of the proposed distribution to each party.
- The present value of the property.
- The need of a parent who has physical custody of a child to own or occupy the marital residence and to use or own the household effects.
- The debts and liabilities of the parties.
- The need for creation, now or in the future, of a trust fund to secure reasonably foreseeable medical or educational costs for a spouse or children.
Does New Jersey consider a spouse’s economic misconduct in property division?
New Jersey law allows courts to consider the economic misconduct of a spouse as a factor in determining equitable property division. Economic misconduct generally means dissipation of assets, which is the legal term for the wasting or losing marital funds or assets by a spouse through means like excessive spending, gambling, fraud, etc.
If a spouse is found to have dissipated marital funds in a way that injured the other spouse, the court may take punitive or restorative action by awarding a higher percentage of the divided property to the injured spouse.
Can a pre-nuptial agreement affect property division in New Jersey?
A prenuptial agreement, or prenup, is a binding, legal contract signed by both spouses before getting married in New Jersey. A prenup containing a property division agreement can take precedence over New Jersey’s property division laws by establishing what is considered separate vs. marital property and agreeing on how finances will be structured during the marriage and divided in the event of a divorce.
The existence of a valid prenuptial agreement can prevent a New Jersey court from having full reign to determine how assets are divided between the spouses and instead allow them to be divided in a way agreed to by both spouses before the event.
CONTACT AN OCEAN COUNTY, NJ EQUITABLE DISTRIBUTION ATTORNEY TODAY
Divorce is tough, and determining who gets what does not make it any easier. At Bronzino Law Firm, LLC, our job is to make the process as smooth as possible. Our goal is to help couples and families restructure, rather than destroy, their relationships through our legal and collaborative divorce services. We guide our clients to the best possible outcomes, both emotionally and financially, in the face of life’s most stressful experience. Contact us by calling (732) 812-3102.
Short Sales vs Foreclosures Monmouth and Ocean County Real Estate Attorneys
Throughout the ups and downs of the economic and real estate markets in the United States, many people have had to sell their homes due to financial distress.
One big burst of such sales happened between 2007-2009 during the Great Recession, and a resurgence of home sales for financial loss has occurred due to the Covid-19 pandemic and its effects.
When a homeowner is under financial duress and must sell their property for less than the amount due on their mortgage, this is called a “short sale.” During a short sale, the homeowner sells their property straight to a third party – not the bank – and all profits from the sale go to the mortgage holder. The mortgage holder then forgives the difference.
Short Sales During the Great Recession
Short sales were especially prevalent during the Great Recession, as home values plummeted. For example, a homeowner who bought their property in 2006 for $500,000 might have been faced with the need to sell when the stock market crashed in 2008, as they couldn’t keep up with their mortgage payments because, say, they lost their job; but due to the economic downturn, the home value had dropped to $450,000, and now they owed the mortgage lender more than the sale of the property would recover. Such a scenario is experienced by many during times of economic hardship, and the Coronavirus pandemic of 2020 is no different.
Why would a mortgage holder or lender agree to a short sale?
During a short sale, the mortgage holder or lender agrees to reduce the amount owed by the property owner, so that the owner’s debt is forgiven upon the sale of the house at the lower value. Why would a mortgage holder agree to wave thousands of dollars of debt instead of foreclosing on the house? Well, the process of foreclosure is both an extensive and time-consuming affair for a lending institution to undergo, and after completing the process of foreclosure, they must sell the house. Often the mortgage holder will cut their losses in finances under the “time is money” principle.
Whether or not a mortgage holder or bank allows you to complete a short sale and forgive the difference is entirely up to the bank. Again, because of the hassle involved with foreclosing, you may have some luck getting approval to make a short sale if the difference between the amount owed on your mortgage and what the house is valued at are not hugely different. During this time of pandemic especially, you may find that lenders are more willing to allow short sales.
How long will a short sale take?
Once the bank has allowed a short sale, however, there is a lengthy process to the actual completion of the house sale. “Short sale” is a misleading term. It means that the property owner has come up financially short – not that closing the sale of the house will take a short time. In fact, because the buyer must get approval from the mortgage holder of the buying price before negotiations can proceed, the process can take between four and nine months. All typical back-and-forth between a buyer and seller now includes the bank or mortgage holder as well. For this reason and the fact that there are many details that are unique to a short sale, it is important to have a real estate agent who is experienced in short sales, as well as a real estate attorney, if you are selling your house as a short sale. This guidance and legal support can be invaluable during a financially testy and complex time such as this one.
What about taxes on short sales?
So you’ve faced economic hardship and had to sell your house. Fortunately, the mortgage holder has agreed to allow you to short sell your house, and you’ve found a buyer. The $40,000 difference has been forgiven by the lender. All things considered, you’re really fortunate, right?
According to New Jersey law, the debt forgiven by the mortgage holder is considered taxable income to you. You must pay state and federal income taxes on this difference. You will have to fill out a 1099-C for your federal tax returns. The “C” in 1099-C stands for the cancellation of debt; federal law states that canceled debt is, for the most part, considered taxable income.
Consult with our skilled Domestic Violence Attorney in Monmouth and Ocean County Today
At Bronzino Law Firm, our real estate attorneys are experienced in facilitating short sales for our clients across Ocean County, NJ including Brick, Jackson, Toms River, and Point Pleasant
To meet with an experienced member of our firm today regarding your home sale. To schedule a consultation with a member of our team today to discuss your case, 7328123102 today for a free and confidential consultation to discuss your individual needs and concerns.
Should I hire a Real Estate Attorney when buying or selling a property?
Having a real estate attorney involved in the negotiation process before the New Jersey State Contract is signed by both the seller and the buyer is essential
According to New Jersey law, a home buyer must have an attorney. This is because the state requires that all residential transactions utilize the New Jersey State Contract for a home sale, and to enter into a contract, you must have the support of a lawyer. Home sales refer to residential properties, which are defined as single-family homes, condos, land on which a single-family home will be built, or small group homes (one to four houses).
The New Jersey State Contract is the official means through which the buyer makes an offer. It includes much essential information about the sale of the property. It requires that some back work like having an inspector look at the house to determine whether any outstanding repairs need to be completed or any other contingencies to the contract’s completion need to be met for the sale to be finalized.
After negotiations, the seller signed this finalized form, and it becomes a binding contract the two parties will use to complete the residential transaction. A copy of this contract is reviewed by both the seller’s attorney and the buyer’s attorney in a process known as Attorney Review. This contract includes a lot of essential information for the sale, which each party’s attorney must review. It includes how much money will be put down as a cash down payment to close the purchase deal, also called ‘earnest money.’ The purchase contract also includes an outline of contingencies that must be met by both parties for the contract to stand. Such contingencies could be house repairs that the seller must complete, the buyer’s current home’s sale before the sale is finalized, and other contingencies. These contingencies protect both the buyer and the seller and ensure that the transaction can be clear and final, without catch-ups. Additionally, the legal purchase contract the attorney’s review includes the official closing date of sale, which is the point at which the new owner may move in.
Having a real estate attorney involved in the negotiation process before the New Jersey State Contract is signed by both the seller and the buyer is essential because as elements of the home sale and contingencies surface, such as the findings of a home inspector, a buyer’s attorney can ensure that such specifics agreed upon by the buyer and seller make it into the official contract, where it becomes a legally binding agreement.
The attorney review of the New Jersey state purchase contract signals the beginning of the property sale’s home stretch.
Obtaining Title Insurance and Filing With the County
If you have taken out a mortgage with a lending institution to purchase the house, the institution will require that you purchase title insurance for the property. The institution will also require that you do your research, ensuring that no other outstanding titles exist for the property, as would be the case if there were multiple owners or outstanding debts tied to the house. Title insurance protects if any outstanding debts on the house surface you weren’t aware of when you made the purchase.
The obtaining of title insurance and receipt of the actual funds to purchase the house from your mortgage lender are processes that the real estate attorney must attend, as there is a number of legal jargon that must be sifted through to ensure that the entirety of the settlement with your mortgage lender and the closing of the home sale is up to legal New Jersey real estate law standards.
Assuming that all goes well in the final processes, you’ll receive the clean deed to your new home, which signifies that you are now the legal owner of the property. Congratulations! Some final steps that your real estate attorney can facilitate are submitting appropriate documents to the New Jersey county of your new residence. With these final documents’ submission to the county, you will be set to pay property taxes and consider yourself a law-abiding and contributing citizen of your new residence. Welcome home!
Contact our Seasoned Real Estate Attorney in Monmouth and Ocean County Today
To meet with a member of our team today regarding closing on your dream home, please call 7328123102 today for a free and confidential consultation to discuss your individual needs and concerns.
Despite Impact of COVID-19 & Social Distancing Limitations, NJ Judicial Staff Work Diligently to Ensure Justice is Served Securely & Safely
With court hours based on a county-by-county decision, these measures and options to operate remotely to a certain extent, are to ensure that both the staff and the public everyone can stay healthy and safe.
COVID-19’s significant impact on the New Jersey Judicial system can easily be seen in the volume of curtailed court proceedings and backlogged trial court cases. Although all federal civil and criminal jury selections and jury trials have been postponed until January 4, 2021, the courts are working diligently to ensure that justice as well as other court services, can be served and transacted remotely, as well as securely.
According to recent NJ state guidelines and information, both Superior and Municipal Courts have resumed some in-person court services, with a limited number of judges and judicial staff working on-site each day to accommodate attorneys, litigants, and those members of the public with scheduled appointments or legal proceedings.
With court hours based on a county-by-county decision, these measures and options to operate remotely to a certain extent, are to ensure that both the staff and the public everyone can stay healthy and safe.
If you have received a Municipal court summons or have a scheduled hearing, now more than ever, is the time to not ignore these appointments or delay in seeking experienced legal guidance. Being convicted of a crime in a NJ municipal court can result in jail time, heavy fines, loss of driving privileges and seriously impact your employment, educational, and housing opportunities, and result in a permanent criminal record.
This means protecting your rights by keeping on top of any scheduled hearing, motion, conference, or other legal matter and having a knowledgeable lawyer on your side to answer questions about application deadline filings, family law matters, or exploring your legal options. In addition, courts aren’t eager to create an additional backlog of divorce and family law cases either, so sometimes alternative methods of resolving disputes such as mediation or arbitration may be more effective and economically sound alternatives to facilitate settlements agreeable to all parties.
No matter the kind of family law issue, criminal case, real estate transaction, or municipal court summons Bronzino Law Firm, LLC is ready to begin helping you today. Since the beginning of the pandemic, we have been able to provide our clients with the same level of quality legal services and representation as always, targeted to their needs. Conveniently located in Brick and Sea Girt, New Jersey, we know how stressful these situations can be, and are dedicated to providing highly attentive, effective, and knowledgeable legal counsel to each of our clients. With our honest, communicative, and dedicated approach to handling any legal issue, we believe we can find solutions to and overcome, even the most difficult of issues.
Have You Missed a Court Date? Are You Wondering What To Do?
Unexpected events happen, which may prevent someone from being able to make their court appearance. In one of our recent articles, “Consequences of Failing to Appear in Court or Respond to a Court Summons”, we discussed how if you or someone you love in New Jersey missed a court date for a traffic violation or a criminal offense or needs guidance on resolving a license suspension, arrest warrant, or an outstanding case, it is critical that you consult an experienced attorney who can best present your unique circumstances and explains your missed court appearance. Thus, possibly minimizing or avoiding any resulting penalties.
Open and honest communication with one´s legal counsel can provide context, prevent misunderstandings, arrest warrants, or time spent away from loved ones. In addition, a strong defense of the underlying charges can increase the chances of an acquittal or reduction to a lesser charge.
How Does Your Office Communicate With Clients During the Pandemic?
Since before the pandemic, The Bronzino Law Firm, LLC, has been committed to safely and securely, serving and communicating with clients. We understand and believe that each client is different, with unique needs and goals, and as such, unique strategies must be crafted for each case in order to favorably settle them for our clients.
We want to keep our employees, as well as our clients and potential clients safe, so our new integrative approach of email, phone, video chat apps, and video conferencing options, gives our clients the personal connection and quality service they have come to expect from us, combined with the comfort that modern technology and the internet provides.
Does Your Office Support Client In Remote or Virtual Court Proceedings?
As the digital transformation of virtual court proceedings has tried to meet the challenges the pandemic has placed on the judicial system, it has also exposed numerous social challenges and discrepancies between internet access and connectivity.
As lawyers, we are committed to eliminating any disparities, in the same way, we would in a physical court, by making sure that if our clients are using technology remotely (i.e., via our office), they can still get justice. Just imagine how not having access to more modern means of internet connectivity (i.e., somewhat modern laptop or computer, high-speed internet) and the connection is lost or dropped or how lacking an environment conducive to properly hearing the proceedings or sufficient privacy to give testimony, could affect a client’s remote case hearing case.
We work with our clients to ensure they can focus on protecting their rights and seeking justice, by supportively guiding them through this “new normal” of a remote judicial process.
Contact Our Monmouth County Family Law Firm Today
At the Bronzino Law Firm, LLC, our experienced attorneys provide our clients with the necessary support to negotiate with local courts, protect their rights, and ensure their and their family’s future, so they can move on to a place of calm and stability.
If you would like to schedule a free confidential consultation with a member of our team today regarding a municipal court summons or any family law issue you may be facing, please fill out the online form or call our Brick or Sea Girt office at (732) 812-3102 to learn more about your legal options.
Brick and Sea Girt Attorneys Offer Virtual Consultations to Serve Clients
We leverage technology to meet the needs of our clients, by providing dynamic, client-focused representation in Family Law matters
As the world comes to terms with the spread of the coronavirus, countless New Jersey citizens asked to practice “social-distancing” and “shelter in place” are in dire need of legal services, and are finding it challenging to find experienced and flexible legal counsel able to meet their unique needs amid the growing pandemic. Attorneys prepared for what is in many ways a new legal landscape know that in this digital age, it’s possible to provide legal services in a safe and convenient way without compromising on quality.
At The Bronzino Law Firm, LLC, located in Brick, New Jersey, we believe legal services should be accessible at everyone’s fingertips and clients should be able to get the services of an attorney even without an initial physical meeting. We leverage technology to meet the needs of our clients, by providing dynamic, client-focused representation in Family Law matters (i.e., Alimony and Spousal Support, Child Support, Child Custody, Domestic Violence, Criminal Charges, and Municipal Court summons, Real-Estate ventures, and Wills, Trusts & Estates). We understand and believe that each client is different, with distinctive needs and goals, and as such, unique strategies must be crafted for each case in order to favorably settle them for our clients.
Our lawyers are prepared to protect your rights and are ready to arrange convenient, virtual meetings via Skype, WhatsApp video, FaceTime, Zoom, Google Hangout, Clio Connect or Legaler to discuss how we can best support you and meet your legal needs.
How Do I Schedule a Virtual Legal Consultation with a Bronzino Law Firm Attorney?
From the comfort of your home or office and with the convenience of your smartphone, laptop or tablet, you can arrange to speak with a lawyer from The Bronzino Law Firm, LLC, to answer your legal questions or issues. If you would like to speak with an attorney about your case in a free and confidential consultation today, you can:
1) Contact us online or
2) Call our Brick or Sea Girt offices at (732) 812-3102 or
To schedule a call and free 20-minute virtual consultation/meet up to discuss your family law needs. During the consultation feel free to ask questions, as we will discuss the best plan to protect your rights and future going forward.
We believe in keeping our clients informed and involved in the legal process and are prepared to use various technologies in order to do so. By having up-to-date and detailed information about your case, you can make the best possible decisions for your family’s future.
CONTACT A BRICK, NJ FAMILY LAW LAWYER
Serving Families across Monmouth County and Ocean County towns including Neptune, Manasquan, Point Pleasant, Toms River, Brick, Asbury Park, Wall, and more
Across all areas of Family Law, our lawyers can answer your questions today. Our attention to detail and priority to the attorney-client relationship often leads to outcomes that are both beneficial and personalized to the individual needs and concerns of our clients and their families. Our experienced attorneys work to resolve legal conflicts outside of the courtroom when possible, but will never hesitate to aggressively litigate and defend our clients’ legal rights when necessary.
Call our Brick or Sea Girt Bronzino Law, LLC office at (732) 812-3102 for a free and confidential virtual consultation today to discuss your unique needs, concerns, or situation when it comes to any kind of family law matter.
Challenging an Executor or Administrator of Estate Attorney in Monmouth and Ocean County NJ
After the owner of the estate has died, the executor is responsible for probating the owner’s last will and testament.
The process of finalizing payments and distributing a decedent’s assets after their death can be a long and drawn-out process. It involves many moving pieces that increase the potential of an error on the part of the estate’s executor. Is it possible to challenge the actions of an executor if you believe there to be an accidental or purposeful mistake that affects the decedent’s desired distribution of assets? Read on to learn more.
The executive’s role in the probation process
The executor, or administrator, of an estate in New Jersey, has a very specific role. After the owner of the estate has died, the executor is responsible for probating the owner’s last will and testament. Probation of a will is a court-supervised process in which the will is authenticated, the appointed executor posts a bond to serve as insurance in case they commit a grievous error, assets are inventoried, all debts owed are paid, taxes are filed and paid, and, finally, the estate’s assets are distributed.
What happens if an estate executive does not perform the duties for which they are legally responsible?
An executive is legally responsible for overseeing the probation process from start to finish. They have a fiduciary duty to all beneficiaries and involved third parties of the estate, meaning that it is their legal responsibility to ensure that the written desires of the decedent and the best interest of those involved are met. Any backroom dealing that advances their own best interests at the expense of the wishes of the decedent during the long course of the probation process is illegal. If an executor abuses their role or withholds information that affects proper distribution and settling of the estate, they are in breach of their fiduciary duty and can be legally removed from their position, and even face a lawsuit brought forth by the heirs.
According to New Jersey Revised Statutes Title 3B, an executor can be removed from their legal duties for the following reasons:
- Neglect or refusal to file an inventory, render an account, or properly secure estate assets
- Neglect or refusal to obey a court order or judgment within the specified time frame
- Embezzlement or illegal misapplication of estate finances, or any other action that betrays the trust underlying their fiduciary duty
- Inability to conduct the required business of estate probation
- Neglect or refusal to collaborate with another legally appointed fiduciary in resolving estate matters
If an executor has been accused of one of the above actions, a judge will most certainly consider whether the continuation of that executor will mean a detriment to the proper settlement and interests of an estate. If the answer is yes, the judge will have grounds for removal. If a beneficiary or another involved party take personal issue with the manner in which the executor is handling the probation process, but the executor has not committed any illegal or detrimental act, the judge will not find grounds for removal. There must be clear evidence that one of the above breaches of fiduciary duty has occurred.
New Jersey is a probate friendly state
This means that, for most actions, the executor need not receive permission from the court to handle most settlement aspects of an estate. The court will only get involved if there is an alleged breach of the fiduciary duties laid out in the last will and testament and New Jersey law.
One of the most common examples of a breach of fiduciary duty is the improper accounting of the assets and finances settled. In order for beneficiaries to receive their inheritances, the court must receive proper accounting of all settlements. The required frequency of disclosures regarding the settlement, as well as the detail with which accounting must be disclosed, depending on the complexity and value of the estate assets, the estate’s tax liability, as well as the number of beneficiaries.
If the court finds that the executor or other appointed administrator has not satisfactorily completed accounting, beneficiaries can be kept in limbo. As such, beneficiaries can file a petition that requests a court order for accounting. If the executive is not able to provide proper accounting under the court order, they will be removed as executive.
Consult a Wall Township Estate Planning and Administration Lawyer Today
At Bronzino Law Firm, our estate attorneys are experienced in guiding the settlement needs of our clients across Point Pleasant, Brick, Wall, Sea Girt, Spring Lake, and the greater Ocean and Monmouth County Areas.
Prenuptial Agreements for Those Considering Remarrying in Ocean and Monmouth County
Brick Divorce and Prenuptial Agreements Attorneys Serving Clients in Ocean and Monmouth County
People are building careers, marrying later in life, amassing assets and owning their first homes at a younger age. As serial marriages and life expectancies increase, in addition to people bringing significant assets into their committed relationships or civil unions, it makes perfect sense to start talking about your long-term financial futures together. Seeing friends and family go through the divorce process, couples are more aware that marriage does not mean “happily ever after” and want to take the steps to protect themselves. In considering a prenuptial agreement, they may want to establish the ground rules of how finances will be dealt with in the marriage, property and asset division or even attempt to understand their responsibilities for dividing debt, in the event of a divorce.
Through savings, investments or a longer work history, middle-aged individuals and senior citizens are likely to have more significant assets at stake than their younger counterparts, as well as other financial obligations (i.e., alimony or child support, and real estate) or business investments they may want to leave to their children.
Though it wouldn’t be recommended for one party to straight out ask their significant other to sign a prenuptial agreement, open and honest communication about their respective finances, plans, and values never hurts.
What Significant Factors Often Prevent Seniors in Sea Girt, NJ From Remarrying?
A traumatic marriage or a nasty divorce can contribute to seniors being reluctant to take another trip down the aisle. Fear of losing various medical insurance or Social Security benefits, spousal pension payments or the termination of alimony are a few other reasons.
They will be among the first to tell you that failing to carefully consider the economic consequences of a late-life divorce, can pose harsh consequences for seniors, especially those who may live on a fixed income.
Though seemingly unromantic, many seniors opt for cohabitation agreements which allow them to keep their assets separate and any inheritances for their family intact.
If you or someone you know are unsure if a prenuptial or a cohabitation agreement would more appropriately address your financial concerns, you should consult an experienced family law attorney that has a lot of experience drafting both.
Changing Face of Alimony: Divorce is Getting More Expensive For Women in NJ
While it was almost exclusively men who paid their exes spousal support, as women earn more, head households and are breadwinners in their relationships, the financial dynamic has changed. This shift is best seen in high-profile female celebrity divorces (i.e., Britney Spears, Halle Berry, Jennifer Lopez, Janet Jackson, and Sherry Sheppard). More woman with an eye to the future, seek creative agreements which protect them, their assets, and any potential family inheritances.
A 2018 study of the American Academy of Matrimonial Lawyers (AAML) found that among their members:
- 54% cited an increase in the number of mothers paying child support in the past three years,
- 45% saw a rise in women being responsible for alimony, and
- 78% saw an increase in parents sharing custody of children.
Practical Tips For Talking to Your Partner About a Prenup in Ocean County, NJ
If this isn’t your first rodeo, and you have a previous high-asset divorce under your belt or had to divide your retirement assets, you have learned that it may help to have a heart-to-heart about ensuring the financial well-being of your future marriage.
Be sure to:
- discuss the topic early and well advance of the actual wedding date.
- adopt a conversational tone and explain the purpose.
- be upfront about your reasons and fears.
- really listen to your partner’s feedback.
- encourage your partner to share their own ideas.
- try not to get emotional if your partner seems resistant to the idea.
- ask questions about your partner’s objections, concerns, or beliefs.
- take this chance to resolve any misunderstandings.
By being transparent, providing full financial disclosure, and seriously considering several scenarios that could affect future finances and support after a divorce, this practical look at the financial aspects of marriage and divorce could have the positive impact of making couples take a more realistic assessment of what’s overall best for each of them. If nothing else, a more slowed down approach could mean more thoughtful drafting of a prenup both parties can be satisfied with.
Contact a Monmouth County Family Law Attorney to properly File Your Case Today
A marriage can affect every aspect of your financial life. It´s recommendable to sit down as a couple to learn more about each other’s present financial situations and future goals together. Once you have organized your pros and cons, talk to specialized attorney Peter Bronzino who will guide you in your process.
Real Estate Attorney Review Process Ocean and Monmouth County NJ
Real Estate Attorney educating about the attorney review process in Sea Girt, Spring Lake, Ocean Township, Red Bank and across the Jersey Shore
Standard Realtor’s Contract in NJ
Most people use a realtor when they are buying and selling their home, and a very familiar with the standard realtor’s contract which has a provision called attorney review which will allow me to review the contract and make changes. If you are not using a realtor, I can help you as well. I can draft the contract and then assist you through the process just as I would in the other transaction.
Consult an experienced Real Estate Attorney in Brick or Sea Girt NJ to protect your interests
For many, the purchase and sale of a home or property is not something they have encountered many times in their lives, and certainly could not be considered a frequent occurrence. For Peter Bronzino, and the trained real estate team of Bronzino Law Firm, it is a process and procedure we handle every day.
In our office, after handling countless real estate purchases and sales in Monmouth and Ocean Counties, we are able to guide you through a transaction both effectively and efficiently. Our commitment to our clients is to provide you with the education and counsel you need to make the right decisions during every stage of the transaction.
Ocean County Attorney Review Process
If you buy property in New Jersey with a realtor, chances are you are actually going to sign the contract before you review with an attorney. That’s because the New Jersey standard realtors contract has a provision for what’s called attorney review. After the contract is signed, the contract goes to the attorney who will review the terms with you and make sure that you are on the same page. I have standard changes that I like to make to the form contract that I believe is in the best interest of clients and I will make sure that you fully understand everything.
Steps of Attorney Review Monmouth County NJ
The attorney review period will last three days and begins when each party receives a copy of the fully signed contract of sale. Weekend days and holidays do not count as a review period day. It is imperative that buyers take advantage of the rights to have an attorney review the contract within that three-day review period. The contract becomes binding on the parties as it is written. This, of course, is still subject to the buyer’s mortgage approval, home inspection, and title search results.
This is the time when both the buyer and seller have the right to consult with an attorney. You will need experienced representation to review the terms of the contract, make changes, or terminate the agreement. The standard New Jersey contract does not always fit all situations, some provisions in a contract may be appropriate for one transaction, but not another. An attorney can identify potential problems and ensure that each of the parties understands the terms of the contract in order to protect your interest in the transaction.
Contact a Brick and Sea Girt NJ Real Estate Lawyer Today and Let Us Guide You
Buying or selling a home can seem complicated and overwhelming at the outset. The Bronzino Law Firm LLC has guided and protected countless clients rights through all aspects of real estate across New Jersey including Asbury Park, Neptune, Wall, Manasquan, Point Pleasant, Brick, Jackson, Sea Girt, and across Monmouth and Ocean Counties. We know the ins and outs of this process and can help you become a homeowner or help you sell your home with the least stress possible.
Home Inspection Process in Ocean County NJ
It is advisable when buying a piece of real estate, that you consult with an experienced attorney that can effectively represent your interests and walk with you in those important moments, every step of the way:
- Attorney Review
- Home Inspection
- Mortgage Contingency
- Transfer of Funds
For many, owning your own home is a dream come true. Without the proper guidance and protection under the law, that dream can quickly turn into a very stressful situation. At Bronzino Law Firm, our clients are treated like our family. We want to be your guide, we want to be your advocate, and we want to make sure that this is a proud moment that you can reflect on with fond memories. All too often, people do not do their due diligence and/or they are not educated by someone who knows the industry, and those memories turn into something they would like to forget. As mentioned in the video above, Home Inspection is definitely one of, if not the, most important components of the residential real estate process.
Brick NJ Real Estate Lawyers on Home Inspection
During a home inspection contingency, you are going to hire a home inspector at your cost who will go through your property with a fine-tooth comb and produce a report with all the defective items associated with the property. I strongly encourage you to actually attend the home inspection with the inspector to learn everything you can about your property. The home Inspector will explain what he is looking at as well as how the systems work in the house. You will see some things on an inspection report. Don’t panic. Even new homes will have some things, just like humans it probably won’t be perfect. Thereafter you let me know what items you want the seller to fix prior to closing. I would then negotiate with the seller’s attorney to find out what the seller will and not will do prior to closing. If the seller will not fix the defective items that you request you can cancel the contract and receive a refund of your deposit money.
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The home inspection can be used your best resource or turn out to be your biggest regret. This critical step should provide the buyer with the peace of mind necessary to move through the process to closing without any major concern. If they neglect to properly inspect, or they are not under the experienced guidance of Counsel, they could end up in a position where they are reconsidering their entire position because certain existing conditions were not properly specified by the seller or identified by the inspector. Don’t allow an eagerness to purchase the home to cloud your judgment and allow things to be overlooked; which will result in many future headaches and the wasting of your hard-earned dollars after you close.