As an essential element of the divorce it is customary to have all property and debts, whether bought by one or both spouses, divided in certain ways. Property includes actual houses or living units as well as other material goods such as furniture, children’s furniture, clothing, vehicles, vacation homes, bank accounts, and any other property owned by either spouse. In many cases there are legal reasons why one person should receive more than another. Every divorce is different, however, and each particular should be handled by an experienced New Jersey property division lawyer.
The Law Offices of Marc P. Feldman has years of experience handling New Jersey property division issues following divorces or other legal matters. I offer free first time consultations on any property division or divorce matter. I can begin working for you immediately, whether you need someone to help arbitrate property division, someone to fill out a legal form for you, or someone to be by your side through the entire divorce proceeding and beyond.
New Jersey is an “equitable distribution” (hyperlink) state when it comes to property division following a divorce. Equitable means “fair” and does not necessarily mean that the property is evenly divided. Because of this fact, it is important to have aggressive legal aid when considering or negotiating your property division. All marital property, property bought after marriage, including after separation, is included in the property division. This marital property also includes such non-tangibles as retirement plans, goodwill created by businesses begun during the marriage, stocks, bonds, pensions and annuities.
In considering equitable division in New Jersey, a judge will reflect on several important factors before making his or her decision. These factors include such things as length of marriage, prior marriages, age, health, income of each party, contributions (if any) of one spouse to another’s education, sources of income, value of the property, standards of living for each spouse, tax ramifications and whether or not children are involved.
Contact the Law Offices of Marc P. Feldman to learn more about property division following a divorce. Because this is one area of the law that can mean significant loss following a divorce, it is not one that you should take lightly. I will vigorously defend your rights to your property following your divorce. Contact me for a free consultation today.