Equitable distribution addresses the assets and liabilities that exist in a marriage.
Equitable distribution addresses what assets and debts accumulated between the date of the marriage to the date the complaint for divorce was filed. Anything that’s acquired between those two dates is in the pot for equitable distribution.
We predominantly start off with a 50/50 split on both assets and in liabilities and adjust for many reasons.
NJ describes equitable distribution as a fair and just spit of assets and debts according to financial factors related to the marriage.
It might start as a 50/50 split, but rarely ends that way.
For couples planning to get married in New Jersey, understanding the legal implications of a prenuptial agreement is important, especially concerning future earnings. Since New Jersey is an equitable distribution state, income accumulated during the marriage is typically shared. However, prenups can be used to protect future earnings under certain… Read More
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Divorce often brings up complex financial questions, especially concerning spousal support. Understanding New Jersey’s legal process is essential for navigating this transition. To secure a fair spousal support arrangement, it is crucial to know exactly what financial information you must provide to the court when seeking alimony. Continue reading for… Read More
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