If that inheritance has been kept in a separate account and not co-mingled it, that asset will not be considered part of equitable distribution.
When those monies have been comingled, we have the difficulties in trying to establish that some component of that asset, now, that it has been comingled, is not subject to equitable distribution.
These issues are largely fact-sensitive, mainly the length of the marriage plays a role when the comingling took place and the reasons why those assets were comingled.
After a divorce, life continues to change. Career shifts, health issues, remarriage, and retirement, among other things, can all dramatically affect an individual’s financial situation. An alimony order that once made sense may become unfair or impossible to maintain. New Jersey allows a spousal support order to be modified under… Read More
When you consider property distribution during your divorce, you are likely focused on assets like your home, bank accounts, and vehicles. An often overlooked, but important consideration, is how your retirement accounts will be split. Your spouse may be awarded part of your retirement benefits during your divorce, depending on… Read More
Divorce is often a messy and contentious process. If you’re lucky, you and your spouse will be able to separate respectfully. However, not every divorce is amicable. If you find yourself trapped in constant disputes and volatile communications over finances, child custody, or even day-to-day conversations, you may be in… Read More
A divorce decree is the legal document that officially ends a marriage. It also provides guidance for how important issues will be handled once the couple is officially divorced. However, the terms created at the time of the divorce may not be relevant or fair in the future. Depending on… Read More
