Carl Taylor, Esq. One sub-area of my family law practice is domestic violence cases. Domestic violence cases are generally handled by family law attorneys or criminal law attorneys. I like to think I have some advantage here, as I am a family law attorney but I also have served as municipal prosecutor or municipal prosecutor in a dozen … Read more
It’s been interesting to observe how timing has impacted personal finances in divorces. A house purchased in 2020 might have carried a 2.75% interest rate, for example, whereas that very same house purchased today may be at 6.8%. When you’re talking about what could be a million dollar (give or take) mortgage in New Jersey, … Read more
Homeschooling increased at a dramatic rate during the pandemic, and remains at elevated levels even as the Covid-19 epidemic moves further into the rearview mirror. It’s no wonder with all the uncertainty that accompanied safely educating children during the pandemic years, and with how difficult it may be for some to convince their children, now … Read more
A marriage is many things, but perhaps first and foremost it is a legally binding contract, tethering two people together and, in many respects, making them responsible for one another. Many prospective clients, when they first meet with me, are not aware that they may be responsible for credit card debt solely in their spouse’s … Read more
It’s not uncommon in my practice to have a case where both parties want to keep a home. It may be a vacation house, the marital home where they are domiciled, or even a commercial or rental property. Point is, there is this home, and two people who desire to be divorced, and each of … Read more
Money is Traditional IRA’s and 401k’s can provide us with a false sense of wealth. In Traditional, rather than Roth such accounts, the IRS awaits its slice of the pie. Remember, Traditional retirement plans do not eliminate taxes, but rather defer them until the time the money is withdrawn. Accordingly, what may seem like $100,000 … Read more
Or, perhaps this blog post should be titled ‘Till Debt (DUE) Us Part.’ For many people, particularly the younger generations, debt has always been there. At least during our adult lives. Who doesn’t enter adulthood without some sort of debt, whether it be a car loan, credit card debt for incidentals, or the ubiquitous student … Read more
In 2007, author, professor, and former options trader Nassim Taleb published his book The Black Swan: The Impact of the Highly improbable. In the years thereafter, this book, and its central thesis, have become influential across a variety of fields. The term ‘Black Swan’ has become shorthand for any unexpected, unlikely event, that carries a … Read more
One of the most important things to consider when negotiating a divorce is the disparate tax treatment of different savings vehicles. Offering up $70,000 in a standard 401(k) or IRA is not the same as offering up $70,000 in equity in a home, or $70,000 in a Roth-IRA or a basic savings account, or even … Read more
Today marks an exciting day for my firm and for me professionally, as I have released my latest book on New Jersey Divorce. This book is titled “Personal Divorce for Business Owners” and addresses how to protect your business, your lifestyle, and even your sanity when going through a New Jersey divorce when you also … Read more
