New Jersey divides property in a divorce according to the process called "equitable distribution." Equitable does not mean that property will be divided in an equal manner, but rather that it will be divided fairly. New Jersey's equitable distribution laws and criteria can be found at N.J.S.A. 2A:34-23.1.
Under this legislation, the court takes into account many considerations during this process, such as:
- Duration of the marriage
- Age and health of all parties
- Income brought to the marriage
- Established standard of living
- Economic circumstances of each party
Equitable distribution is not typically divided based on fault; however life circumstances, such as one party dissipating marital assets, may be taken into account. If you are considering divorce, the financial impact of the process is likely a primary concern. As your East Brunswick divorce attorney, I can protect your rights and ensure that you retain the property that belongs to you and obtain a favorable resolution.
Call the Law Offices of Ryan E. Gilbert, LLC at (866) 760-6430 to discuss your case.
Steps of Property Distribution in Middlesex County, NJ
Property division is completed in three steps. The initial step is to identify what is marital property and what is separate property. Property that is acquired by either party during the marriage is considered marital property and can be divided by equitable distribution. Secondly, each piece of property must be evaluated and appraised to determine its market value. Finally, the actual distribution of property takes place. The court will consider the factors that influence property distribution and make decisions accordingly.
Separation agreements and divorce proceedings can be difficult to handle on your own. I can fight for you as your East Brunswick property division lawyer and help you navigate the nuances of property distribution. As the court determines how to divide your property in an equitable manner, I can ensure that your rights are protected.
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During an evaluation of your case, I can provide you with honest and upfront information on what to expect. My goal is to guide each client with practical representation. Contact the Law Offices of Ryan E. Gilbert, LLC at (866) 760-6430 to speak with me about your specific case! I am located in East Brunswick and Freehold, NJ.
At Law Offices of Ryan E. Gilbert, LLC, our goal is to guide you through the complex legal process. Your best interests are our top priority. We will provide nothing less than our honest, professional opinions, giving you the information and resources needed to make the best possible decisions.
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