Equitable Distribution of Marital Property:

Providing a fair resolution across all elements of your divorce or separation is our primary focus.

Under New Jersey Law, “marital property includes all property, both real and personal, which was legally and beneficially acquired by either [spouse] during the marriage. This excludes any gifts (unless given to one spouse from the other) or inheritances.” 

When it comes to the division of assets in a divorce, New Jersey, specifically, is an equitable distribution state meaning that rather than marital property being split 50-50 as is the aim in community property states, assets are divided in a way which is determined to be fair but not necessarily equal.

In New Jersey. any assets and debts a married couple acquires either individually or together during a marriage are considered legally to be “marital property,” regardless of how the property is titled.

In equitably dividing property, New Jersey courts consider the following factors in their determination:

  • Duration of the marriage;
  • Age and physical/emotional health of each spouse;
  • Each spouse’s income;
  • Any debts or liabilities;
  • The couple’s standard of living;
  • The economic circumstances of each spouse;
  • Each spouse’s contribution to the couple’s marital property (including a spouse’s contribution as a homemaker);
  • Earning capacity of each spouse;
  • Any written agreements before or during the marriage concerning property distribution (such as a prenup); and
  • Any other factors the court deems relevant.

Marital Property with Sylvia

We know how toilsome it can be facing the various elements encompassed in the process of a divorce or legal separation. The issue of marital Property is no exception by any means. We are here to walk you through this process as your dedicated advocates to make certain that your interests, both financial and emotional, are protected and upheld as a priority.