You’re standing on a precipice. Behind you lies a life that you knew, a life carefully entwined with someone else’s. Ahead of you stretches an uncertain future shrouded in a haze of confusion and endless questions. The most pressing among them – “How will our marital assets be divided?”
This is a common path on the journey of separation or divorce. It’s not just about dividing numbers on a balance sheet but also disentangling years of shared dreams, investments, and decisions. These uncharted waters can be awfully challenging to understand, which is where sound legal advice based on your unique needs comes into play.
At Keith Family Law, we are your beacon in the fog, your compass when the path is unclear. We understand the intricacies of New Jersey’s equitable distribution laws and strive to ensure that the equitable distribution is fair, transparent, and considerate of your unique circumstances.
The equitable distribution doesn’t have to feel like a leap into the unknown. With Keith Family Law by your side, you’ll find solid ground beneath your feet as you step boldly toward your new future.
Equitable distribution in New Jersey is the legal principle used to divide marital assets and debts during a divorce. Unlike community property states where assets are split equally, in New Jersey, equitable doesn’t necessarily mean equal. Instead, the courts must reach for a division that is fair and just, considering the circumstances of each party. The court’s decision is based on various factors and involves multiple types of properties owned by both parties.
When it comes to dividing assets during a divorce or separation, many factors come into play. Understanding these factors can help you navigate the complex process and potentially achieve a more favorable outcome. Here are the key considerations:
In a perfect world, both parties would disclose all their assets. Unfortunately, that isn’t always the case. If you suspect your spouse is hiding assets, start by gathering all financial documents, such as bank statements, tax returns, and business records. Look for inconsistencies or suspicious transactions. Hiring a forensic accountant may be beneficial as they specialize in uncovering hidden assets in complex financial situations. It’s also important to inform your attorney about your suspicions so they can take appropriate legal steps, such as filing discovery requests or subpoenas to obtain further information. Keith Family Law can help you navigate these hidden assets.
Jamie and Denise are a married couple residing in New Jersey who have decided to get a divorce. They’ve been married for seven years and have no children. Their case involves various assets and debts that must be fairly distributed under New Jersey’s equitable distribution laws.
In addition, Jamie’s disability and lack of income (and Denise’s ability to earn and accumulate savings) may be taken into account when determining the equitable distribution.
Ultimately, the goal of the equitable distribution process is to ensure that both parties receive a fair and just share of the assets and debts acquired during the marriage, taking into account their unique circumstances and contributions. Consulting with an experienced divorce and family law firm in New Jersey will be essential for Jamie and Denise to navigate this complex process and achieve a fair resolution. So look to Keith Family Law for equitable distribution support in New Jersey. Contact us today!
Don’t let uncertainty about asset division add to the stress of your divorce. Take the first step towards securing your financial future today with Keith Family Law. We serve residents all across NJ, including:
Contact our family law attorneys today to schedule your initial consultation or explore how we can help people just like you in specific family law areas: