Attorneys Handling Property Division in Divorce
At Hanan M. Isaacs, P.C., in Kingston, New Jersey, we have extensive experience guiding our clients through property division, also known as equitable distribution. For more than 35 years, our attorneys have protected the best interests of our clients in all divorce-related matters.
If you would like to speak with a member of our firm about divorce and property division, please contact our Somerset County law office at 609-683-7400 toll-free to arrange a consultation.
“Hanan’s staff members were polite, understanding, and the epitome of professionalism.” – Gary B.
Asset and Debt Division in New Jersey
In New Jersey, equitable distribution does not presume an even division of assets and debts. That being said, orders decreeing 50/50 splits are not uncommon. The family court judge will base the decision in your case on a number of subjective factors.
Separate and Combined Assets
Generally, marital property consists of all assets acquired by either spouse from the date of the marriage or civil union until the divorce is filed or a settlement agreement is signed. Combined or marital property includes assets such as:
- Real estate
- Savings accounts
- IRA and 401(k) accounts
- Personal property
- Businesses or professional practices
There are some exceptions, including an inheritance received by one party during the marriage or civil union and maintained as separate property.
If the combined assets include real estate, a business interest or a substantial retirement account, and one party wishes to buy out the other’s interest in one or more of these, then it is critical to obtain an expert appraisal of the assets’ value. To assure that our client receives maximum benefit from sale or purchase of such assets in a large or complex estate, our attorneys will call upon the services of professional appraisers and certified public accountants before finalizing property division and distribution.
Also, the issues of property division, alimony and child support can be overlapping and interrelated. Our attorneys use a sophisticated, multi-disciplinary approach in analyzing, evaluating, negotiating, mediating, arbitrating or litigating these related subjects. We work hard to protect, defend and preserve what are often our clients’ most significant financial concerns in the dissolution process.
Contact Hanan M. Isaacs, P.C.
Please contact our lawyers at 609-683-7400 toll-free to arrange a consultation. We accept all major credit cards (except for Amex) and offer general appointments from 9 a.m. to 5:30 p.m., Monday to Friday, or pre-arranged evening appointment times.
- Giglio v. Roe, Superior Court of New Jersey, Law Division (2007)
- Isaacson v. Isaacson, 348 N.J. Super. 560 (App. Div.), certif. denied, 174 N.J. 364 (2002)