New Jersey Property Division Lawyers
We Fight for Your Future & Best Interests
The process of divorce is rarely easy. One of the most difficult parts comes when it’s time to decide money and property division. Very frequently, spouses do not agree on who has the rights to keep certain property.
In New Jersey, the principle that guides division of property is “equitable distribution.” However, this does not mean each spouse gets exactly half of all assets after a divorce. Equity is based on contributions, earning power, and other factors the court uses to decide what’s fair.
Factors Affecting Property Division
New Jersey statutes define the criteria the courts use to decide equitable distribution. This provides a framework, though there is room for individuals to argue their case.
Many factors can influence the court’s decision:
- The length of the marriage
- Age of the spouses
- Physical and mental health of the spouses
- The income, earning capacity, and financial liabilities of each party, both at the start of the marriage and the point of separation
- Contributions made to career or standard of living
- Child custody and the possession of the family’s home
- Any pre-nuptial/post-nuptial agreement that may exist
- The tax consequences of the property division
- Other factors as deemed relevant
It’s also important to note that any property purchased or received during the marriage is subject to division, even if ownership is only under one spouse’s name.
How We Can Help
In divorce court, it’s important to challenge assumptions and make sure the judges understand your needs. Our New Jersey property division attorneys can firmly state your case and make sure your voice is heard. If you’re facing a property division disagreement, you want Warren Law Group, LLC on your side.
Call us today at 856-494-6930 to put our 35+ years of combined experience on your side.