Property & Equitable Distribution Attorneys in Toms River
Fighting for Fair Property & Asset Division
The division of property and assets is a major aspect of
divorce and family law. The state of New Jersey is an equitable distribution state, meaning that
the court divides property, assets, and liabilities between you and your
spouse in a manner that it deems fair. When dealing with this aspect of
your divorce, it is essential that you have the assistance of a skilled
Toms River property division lawyer on your side. At Stolfe Zeigler New
Jersey Family Law Group, we strive for a fair outcome on your behalf when
dealing with marital asset distribution. We provide the strong legal representation
you deserve, coupled with compassionate and objective advice throughout
Contact us today to learn more about how we can help you with property and equitable
distribution after divorce.
How Are Assets Divided in a New Jersey Divorce?
When deciding upon the distribution of assets, the court looks at a variety
of factors. These are taken into account in order to determine what distribution
arrangement is fair for both parties involved.
When determining the fair distribution of marital assets, the court looks
at the following factors:
- The length of the marriage.
- The respective ages of both spouses.
- Each spouse’s physical and emotional health.
- If there are any children involved.
- The income and assets each spouse brought to the marriage.
- Any debts and/or liabilities each spouse brought to the marriage.
- The marital standard of living.
- The financial earning power of each spouse.
In addition to these, other factors may be considered in determining a
fair property and asset distribution judgment.
What Is Marital Property in NJ?
In New Jersey, property acquired during the marriage is considered marital
property. Property acquired before marriage or as a gift/inheritance is
considered separate property.
Is New Jersey a 50/50 Divorce State?
New Jersey follows a system of equitable distribution. This means that
the court divides assets in a manner it considers to be fair and reasonable,
which may not necessarily be a 50/50 split.
Who Gets the House in a NJ Divorce?
If the home was purchased during the marriage, it will be considered “marital
property” and subject to equitable distribution by the New Jersey
court. However, if one spouse owned the house before marriage and did
not put the other spouse’s name on the title/mix up ownership, then
the house may be considered separate property and will not be subject
to equitable distribution.
At Stolfe Zeigler New Jersey Family Law Group, our experienced Toms River
lawyers can help you through every step of the divorce process. We work
tirelessly for the best possible outcome in your unique situation. We
work to obtain favorable outcomes for clients involved in high-net-worth,
complex, and litigious cases.
Schedule your consultation with our firm today—call Stolfe Zeigler
New Jersey Family Law Group at
(732) 585-1651 to learn more.