Divorce from Bed and Board
Hackensack, New Jersey Divorce from Bed and Board AttorneysIn the state of New Jersey, couples who do not want to divorce for religious reasons can choose a "bed and board" separation. While a divorce from bed and board creates two households in regard to the assignment of certain kinds of debts and assets, in other ways it does not. For instance, under the terms of a divorce from bed and board, a couple is essentially separated. As a result, a couples are still covered for medical and retirement benefits under their spouse's name. As result, even though you are living, for all practical purposes, as a divorced couple, you can still receive medical coverage and retirement benefits under your spouse's employer's plan. For older couples, this is especially important since an ailing spouse may not qualify for Medicaid without first spending down his or her assets and becoming impoverished. At the law office of Lomberg & Del Vescovo, our attorneys advise and represent clients interested in a divorce from bed and board. If you have questions regarding the process involved, contact our divorce lawyers today for information regarding how we can help you. What Your Economic Standing in a Bed and Board DivorceA divorce from bed and board allows couples to be "divorced" financially but not legally. As a result, any credit card debt or loans acquired by your spouse after your divorce from bed and board are his or her responsibility (unless you co-sign on the line of credit.) Similarly, any claim on earnings and contributions towards retirement funds will be limited by the terms of your divorce from bed and board agreement. Questions? Contact Divorce Lawyers at Lomberg & Del VescovoUnderstanding how marital property is divided and what your legal and financial obligations are is important when creating a divorce from bed and board settlement. To learn more, contact the law office of Lomberg & Del Vescovo today. |
