How Will NJ Courts Decide Who Gets What in Divorce?
Property Division in New Jersey Divorce Cases
Bergen County Divorce LawyersProperty distribution is often the most contentious issue in the dissolution of a marriage or civil union. Disagreements over the division of marital assets drive many divorce cases to trial. At the New Jersey law office of Aretsky & Aretsky, our divorce lawyers are committed to providing effective legal representation in negotiations, mediation, or divorce court.
Property Mediation in NJ DivorceWe encourage you to attempt mediation, as it is often the most cost-effective method for reaching a property settlement agreement, but our number one goal is always to ensure your interests are protected. If that can only be accomplished in court, we are experienced trial attorneys ready to handle your case. As noted in our prior post and video which gives more detail on divorce mediation, the decision to use a mediator is likely to save you money, time, and further damage to the relationship between the divorcing couple. The process of divorce can lead to major acrimony that is sometimes avoided through mediation. Contact our Ridgewood law office to meet with an attorney to discuss mediation as an option.
Experienced Attorneys Handling High Asset CasesThere are several interrelated issues that people will need to consider when reaching an agreement on the division of marital property. These are:
- What is (and is not) part of the marital estate (marital versus separate non-marital property)?
- Is there a valid prenuptial agreement which governs the distribution of marital and non-marital property and any award of alimony?
- What is the value of each asset or debt?
- How can marital assets be divided and what are the tax consequences associated with the division?
- Who will benefit the most from having each marital asset? And what other property may offset it in the negotiations?
- Is spousal support a consideration in this divorce?