Equitable Distribution of Marital Assets
Our family law attorneys can help you with complex marital property issues
If you are going through a divorce, it is in your best interests to speak to an experienced attorney as soon as possible. New Jersey is an equitable distribution state. This means that the court distributes assets between you and your spouse in a manner that is fair, but not necessarily equal. For over 40 years, Forkin, McShane, Manos & Rotz, P.A. has helped couples in Cherry Hill and Southern New Jersey who are seeking divorce. We realize that dissolving a marriage can be emotional and stressful for everyone involved. Our equitable distribution of marital assets lawyers in Cherry Hill can patiently guide you through each step of the divorce process so you can resume living your life.
Factors the court considers when distributing assets
Some of the assets the court may distribute include homes, other real estate, bank accounts, stocks, retirement accounts, pensions, automobiles and lottery winnings. Anything acquired prior to the marriage is exempt from the equitable distribution process at its value at the date of the marriage. Depending upon the nature of the asset and the nature of the reason for an increase of the value of the asset, it may or may not be subject to distribution. Any assets acquired during the course of your marriage are considered marital property and therefore subject to distribution. One of our lawyers can explain to you that the court also analyzes each party’s contribution to the marriage.
Following are some other factors the court considers when distributing assets:
Length and duration of the marriage
Age and physical and emotional health of both parties
Income of property brought to the marriage by you and your spouse
Lifestyle and level of comfort established during the marriage
Existence of a premarital agreement made prior to the marriage
Written agreements during the marriage
Debts of both parties
Financial earning power of both parties
Tax consequences of the property distribution to each party
Current value of property
Whether you have children
Debts and liability of the parties
Any other factors which the court deems relevant
In New Jersey, equitable contribution can be complicated. If you have any questions regarding the division of property and assets, seek the assistance of our knowledgeable Southern New Jersey attorneys.
Contact the highly qualified attorneys at Forkin, McShane, Manos & Rotz, P.A.
Each attorney at Forkin, McShane, Manos & Rotz, P.A. has the skill and knowledge to assist you with your divorce case. To speak to one of our experienced lawyers, contact us online at jpmcshane@fmmrfamlaw.com or rbrotz@fmmrfamlaw.com or by phone at 856.779.8500.