Equitable Distribution Attorney in Paramus & Totowa, New Jersey
New Jersey Attorney Committed to Equitable Solutions
Paramus Divorce Lawyer Seeks To Minimize Conflict
Divorce is never easy; it can fill you with emotions of anxiety and stress. Adding to those emotions is the daunting task of division of property. We understand these emotions and the complex process of equitable distribution.
In equitable distribution states such as New Jersey, assets acquired and liabilities incurred during the marriage (subject to various exemptions), are considered marital property. Even if an asset was kept in your spouse’s name, it is still treated as marital property if acquired during the marriage. However, this does not always mean property division resulting in an even 50/50 distribution.
Kornitzer Family Law has the necessary knowledge and familiarity with New Jersey’s property division laws to ensure that you will obtain the fairest settlement.
Emphasizing Experience and Meticulous Preparation
Before the actual distribution of the property, your lawyer will need to determine what property will be distributed and its value. Equitable distribution states classify property as either “marital property,” assets acquired during the marriage and available for distribution, or “separate property,” assets acquired prior the marriage and exempt from division.
Kornitzer Family Law has the necessary familiarity with New Jersey’s equitable distribution laws to distinguish property as either marital property or separate property. We also have the skill to trace the commingling of separate assets with marital assets, prevent unfair distribution and ensure that no assets or debts are overlooked.
Marital property may include anything you have that could be considered an asset, such as:
Stocks and bonds
Automobiles
Bank accounts
Investment accounts
Marital home and vacation homes
Home furnishings
Timeshares
Retirement funds
Bitcoin / Digital Currency
Pensions and annuities
Businesses
Pets
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Experienced Family Law Attorney
Every family and situation is different, tell us about your current situation and we would be happy to discuss your legal options.