Compassionate And Skilled Equitable Distribution
Going through the process of a divorce is never easy. You may be working through your divorce on an emotional level before you realize it is time to deal with the property aspects relating to your official separation. For many people, this can be one of the most stressful aspects of a divorce, as they might feel pitted against their ex-partner in regard to deciding who gets what, and how to move forward with the division of marital assets and liabilities acquired over the duration of their marriage. At Hanlon Dunn Robertson, we assist clients with equitable distribution in Morris County.
Fair Division In New Jersey
New Jersey is an equitable distribution state, which means that when a couple divorces in Morris County, any marital assets will be divided between the parties according to a system that is perceived as “fair” rather than what is necessarily “equal.” In the ideal case, you and your spouse would reach a settlement agreement as to how marital assets will be divided and move forward. Most divorce cases do not present an ideal scenario, however, and disputes frequently arise when the equitable distribution of marital assets comes into play – especially for spouses who have been married for a long period of time.
Factors Determining Property Division
Division of assets in a New Jersey divorce takes into account all relevant factors in the case but does not depend upon whether one party was technically at fault for the divorce. Courts will consider the following nonexhaustive list of factors:
- Length of the marriage
- Age, and physical and emotional health
- Income and property
- Spouse’s standard of living
- Agreements made before the marriage
- Earning potential of both parties
- Contributions of both parties to the marriage
When divorce is new to you and every prospect is concerning or complex to you, it is time to speak with an experienced attorney who has dedicated themselves to many family law cases.