Do you have questions about equitable distribution of assets in New Jersey? Watch this video to ensure you receive your fair share of the marital assets.
What is equitable distribution in divorce?
If you’re here and are considering divorce in New Jersey, you’ve probably come across the term equitable distribution. Equitable distribution, in its simplest terms, is dividing your property. It’s important to know that equitable does not mean equal. There are a lot of factors that the courts will consider in dividing your property. For instance, who acquired the property? Was it acquired before the marriage? Was it acquired right before your divorce papers were filed?There are a multitude of instances where property acquired throughout the marriage was not divided 50/50 and was not divided equally. That is a case-by-case basis. It’s also important to know that equitable distribution will also divide your debts. Debts are part of your marriage and debts have to be apportioned before you can get divorced.
Are you or a loved one thinking about leaving a marriage and have questions about equitable distribution? Contact New Jersey divorce attorney Bart W. Lombardo for a free confidential consultation and case evaluation. Let our experience work for you.
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