Medford Divorce Lawyers
Medford Family Law Attorneys Deliver Experienced, Compassionate Counsel for Divorcing Clients in New Jersey
Divorce heightens emotions for even the most even-tempered individuals, and can often lead to hasty, rash decisions that may not be in your long-term best interests. A seasoned Medford divorce lawyer is often key to obtaining the rationale and reasoned advice that you need to reach an advantageous settlement agreement.
At Cordry Hartman, LLC, our team of divorce lawyers have decades of experience negotiating and litigating family law matters, and have specialized in divorce so that we are able to provide the most experienced legal representation possible. If you are considering divorce, contact our attorneys today so that we can provide you with the compassionate, straightforward guidance that you need to reach a fair settlement agreement with your former partner. Contact our offices today to schedule a free consultation to speak with our experienced Medford divorce attorneys.
How is a Divorce Settlement Agreement Reached in Medford, NJ?
First and foremost, both parties to a divorce must be aware of the importance and value of reaching compromises in order to successfully finalize a comprehensive divorce settlement agreement. If the parties are unable to compromise and reach agreement, the court will step in and make decisions regarding division of assets, spousal support, child custody and child support—all decisions that might be better reached by the divorcing parties themselves.
In reaching a final divorce settlement agreement, all of the couple’s assets must be evaluated, and monetary value must be assigned to the physical assets amassed by the couple during the marriage. Assets that are typically subject to equitable distribution (or property division) in a divorce include:
- The marital home, including furniture and electronics,
- Vacation properties and investment real estate,
- Motor vehicles and boats,
- The couple’s investment portfolio, including stocks, bonds, mutual funds and savings accounts,
- Retirement savings accounts, including IRAs, Roth IRAs, 401(k)s and any pension plan assets (in some cases, federal law will govern the division of these assets),
- Employment benefits, including deferred compensation awards and stock options,
- Life insurance and annuities, and
- Any family-owned business.
In some cases, expert appraisers and financial analysts must be employed to determine the value of assets if the value is not readily apparent. Debts and other liabilities incurred during the marriage will also be divided among the parties through the equitable distribution process. Marital liabilities commonly include:
- Home mortgages, including home equity loans,
- Car loans,
- Credit card debt,
- Utility bills,
- Student loans, if incurred by one spouse during the marriage, and
- Medical debt incurred during the marriage.
Reputable Divorce Lawyers at Cordry Hartman, LLC Take a Collaborative Approach to Reaching Divorce Settlements
At Cordry Hartman, LLC, our dedicated team of divorce lawyers understand how expensive and time consuming the divorce process can be when the parties are unwilling to compromise. We advocate for our clients’ rights throughout the divorce process and always suggest alternative solutions that can potentially allow our clients to find common ground with their former spouses. Our attorneys work to ensure that all of your needs are met throughout the divorce process, and have even developed a strong network of therapists and professional counselors to whom we can refer you if necessary. Our attorneys will:
- Prepare and file all legal documents that must be filed to complete the divorce,
- Conduct all pre-trial investigations necessary, including using depositions and interrogatories to uncover all relevant information,
- Provide valuable advice regarding options for securing an advantageous financial settlement,
- Guide you through the child custody and child support determination process,
- Help you evaluate and understand the tax consequences of various aspects of equitable division and spousal support/alimony requirements,
- Assist in restructuring any family-owned business,
- Draft and advise you with respect to any new estate planning needs that may arise post-divorce,
- Aggressively negotiate on your behalf to minimize the emotional impact of the divorce,
- Present your case and advocate on your behalf in court if necessary.
At Cordry Hartman, LLC, our attorneys collectively have decades of experience handling all aspects of a divorce, from filing the initial complaint to providing the financial reorganization guidance that will be necessary after the divorce has been finalized. Contact our offices today to get a free consultation on your potential divorce settlement today.
Schedule a Confidential Consultation with a Seasoned Medford Divorce Lawyer Today
A divorce can be a very stressful and damaging process for you and your family. Contact the experienced divorce lawyers at Cordry Hartman, LLC today if you are considering divorce. Our office is conveniently located at 505 S Lenola Rd Suite 224, Moorestown, NJ 08057 and we serve clients throughout New Jersey, including in Moorestown, Cherry Hill, Mt Laurel, Haddonfield, Marlton, Evesham, Voorhees, Medford, Cinnaminson, Burlington County, Camden County, Gloucester County, Cumberland County, Cape May County, Salem County, and Atlantic County.
About Medford, NJ
Medford is a township located within Burlington County, New Jersey. The area was originally a part of Evesham Township but was incorporated as its own township in 1847. The area is known for its many historical buildings, some of which were built before the Revolutionary War. Medford truly began to grow in population after the Civil War, because of its proximity to the Camden and Atlantic Railroad. Its close proximity to Philadelphia and Camden County make it a desirable area even today, although the area comprises only about 39.9 square miles. Of the 23,033 people who lived in Medford as of the 2010 census, 67.3 percent were married couples living in the same household.
A mutually owned business may be treated as a marital asset that is subject to equitable distribution if it is jointly owned or formed during the marriage. Business assets present several special issues that must be considered in divorce, including the issue of valuing the asset for distribution. The spouses must also determine how the business will be operated and owned after divorce. In some cases, one spouse may wish to buy the other spouse out of the business as part of the divorce settlement. In other cases, one spouse may continue to own interests in the business even after the divorce, if the parties can reach agreement as to management and operation of the business going forward.
Small business interests are often not liquid (in other words, they are not traded on a stock market or similar market), valuing a small business can often be challenging. In many cases, an expert appraiser can be used to arrive at a fair value for a small business. Both parties may introduce their own valuations, which are based on a variety of factors, including the business’ physical assets, estimated current and future income and intangible assets, such as the goodwill of the business.