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.
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
