EQUITABLE DISTRIBUTION
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New Jersey Equitable Distribution Lawyer
Equitable Distribution vs Community Property
New Jersey is an equitable distribution state. This means, during a divorce, property division is handled in a way deemed “most fair” to both sides. This is not the same as a community property state, which divides marital property split 50/50 between spouses. The court takes into account factors regarding the marriage and contributions of each party. The courts have considerable latitude in deciding who gets which assets.
At Konzelmann Law, we have decades of experience handling the complex family law issues involved in property division. We can carefully review the facts of your case, create a comprehensive strategy for getting you the fairest share of assets, and explain the process clearly as you go through this difficult time. We believe in working with the other party's attorney in order to get you the best results possible, but we are also very aggressive when they are not willing to be fair."
For more information, call our office at 201-771-6868 or
visit our contact page.
Is New Jersey a Community Property State?
No, New Jersey is an equitable distribution state that divides property based on what is fair and reasonable. Most states are transitioning to equitable distribution as community property is only practiced in a handful of states. Dividing assets via community property is the result of the Uniform Marital Property Act of 1983. This made the division of property during divorce easier, as even homes were considered 50/50. However, this method is quickly becoming outdated, as only 9 of the 50 states still utilize it.
How Property is Divided in a New Jersey Divorce
To ensure your assets are divided fairly, it is necessary to have a proper valuation. It will also be necessary to determine which assets, if any, were owned by one party prior to the marriage. These are both considerable factors. Assets can include vehicles, homes, jewelry, antiques, art, businesses, retirement accounts and investment accounts.
During the equitable distribution phase of your divorce,
the court is required by N.J.S.A. 2A:34-23.1 to consider:
Child Custody
> Adoption
> Child Relocation
> Custody Problems
> Grandparents' Rights
> Mothers Rights
> Joint Custody
> Legal vs Physical Custody
> Parental Alienation
> Legal Separation
> Sole Custody
> The Hague Convention
> Visitation
> Same Sex Divorce
> What is a Law Guardian
The income and earning capacity of each party, including educational background, training, employment skills, work experience, length of absence from the job market, custodial responsibilities for children, and the time and expense necessary to acquire sufficient education or training to enable the party to become self-supporting at a standard of living reasonably comparable to that enjoyed during the marriage or civil union;
Equitable Distribution vs. Common Law Distribution
Prior to becoming an equitable distribution state, New Jersey was a common law property state. This means that a couple’s property was distributed according to the manner in which title was held. For example, if only your name appeared on the title of your house, you would get to keep it after a divorce; however, this has since changed. Now the court must divide a couple’s assets as fairly and equitably as possible. This may mean there is a 50/50 split or a split other than 50/50.
What Am I Entitled to in a Divorce in NJ?
Under New Jersey’s equitable distribution laws, your “marital property” will be divided during a divorce. This means that you and your spouse may get to keep any separate property that was brought into the marriage.
In the state of New Jersey, “separate property” can include any assets that were:
- Acquired by one spouse prior to the marriage
- Received by one spouse as an inheritance or gift
- Acquired as compensation for a personal injury
- Characterized as such in a prenuptial agreement
Marital property includes any assets that were acquired during the marriage—regardless of who holds the title. With few exceptions, this may include both spouses’ income, purchases made with that income, and retirement benefits.
Let The Attorneys at Konzelmann Law Guide You Through the Process
Having helped hundreds of clients with a successful resolution to their divorce, Konzelmann Law is well-poised to help you pursue the outcome you deserve. Our level of experience benefits our clients greatly.
See What Our Clients Are Saying...
Joan Thompson, Edgewater, NJ
Danielle has been my attorney for the past 3 years and I could not have managed without him. She fought and ultimately won my child custody case for which I will be forever grateful. Danielle
always responds promptly to all of my questions/requests...no matter how big or small. I was extremely lucky to find wise counsel as well as someone to keep me grounded during some of the hardest times of my life. Thank you so much!
- Joan Thompson
John Marks, Fort Lee, NJ
I went through a difficult and challenging divorce. Danielle was very helpful from the first meeting and walked me through this stressful time.
Danielle and her team managed to settle my case in a way that I never believed would be possible. I share joint custody with my son's mother, and I couldn't be happier and more grateful for this result!
- John Marks
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