Property Division in Moorestown
Let Our Experienced Legal Team Protect Your Rights
If you are interested in filing for divorce in New Jersey, one of the most
important things to understand is how property is divided. Property division
is a hotly contested issue in a divorce, causing some spouses to attempt
to hide assets in order to obtain a favorable settlement.
Common types of marital property:
- The family home or another type of property
- Checking and savings accounts
- Stocks and bonds
- Business assets
- Retirement benefits
- Social security benefits
- Life insurance
- Jewelry, art, clothes, and any other household items
At Stolfe Zeigler New Jersey Divorce Group, our goal is to ensure you obtain
the most favorable divorce agreement possible. Our Moorestown divorce
attorneys understand how complex property division can be and are well-versed
in the divorce process to help you avoid legal pitfalls. Let us protect
your rights and best interests immediately.
New Jersey Property Division Laws
Marital property (or community property) is all assets obtained during
the course of the marriage. Since New Jersey is considered an “equitable
distribution” state, this means al marital property will be divided
between each spouse in a manner that is fair—not necessarily equal
or right down the middle.
Couples have an opportunity to negotiate their own property divisions—either
by themselves or with the assistance of a mediator. In general, all assets
are valued at its most recent “fair market value,” which is
how much they are worth if it was sold today. In some instances, couples
seek help from professionals to figure out the values for properties and assets.
If a couple is unable to resolve their property issues on their own, the
court will make a decision regarding the division of assets for them.
Marital fault or misconduct during the marriage does not have an impact
on property division, unless one spouse was misusing property or demonstrated
“egregious” behavior during the marriage.
The court considers the following factors when it comes to property division:
- How long the marriage lasted
- The age and health of each spouse
- The couple’s standard of living during the course of the marriage
- Any earnings or assets each spouse brought into the marriage
- The overall economic circumstances of each spouse
- Each spouse’s income and employability
- If either spouse delayed pursuing their career goals throughout the marriage
- The debts and liabilities of each spouse
- If one spouse owns a business or practice
- Any other relevant factors
Schedule a Consultation Today
If you are interested in filing for divorce, our Moorestown divorce lawyers
can protect your rights and best interests when dividing property. Whether
you have accumulated an immense amount of assets during the marriage or
you suspect your spouse of hiding assets, we can make sure you obtain
the best divorce settlement possible.
Contact us and discuss your case with Stolfe Zeigler New Jersey Divorce