Equitable Distribution

Equitable Distribution

New Jersey law states the standards by which marital assets and debts are to be divided between the parties. Non-marital or exempt assets remain the separate property of the owner, and consist of those acquired prior to the marriage, or gifts to a party from a third party during the marriage. There is no automatic 50/50 rule for equitable distribution, although we frequently use it as a starting place to determine who gets what. A party sometimes will want to buy out the other party’s interest in the marital home, and offset other assets to do so. In that case, the tax consequences must be taken into consideration. Equitable distribution can be a complex and sophisticated area of the law, so must be analyzed thoroughly and with knowledge in order to ensure the property division is in fact equitable. We bring our combined experience and knowledge in order to ensure that this occurs in our cases.