Equitable Distribution of Assets & Liabilities
Guidance for High-Stakes Property Divisions
Couples who have acquired significant property and assets during their marriage need experienced legal counsel to ensure that their property is divided equitably upon divorce.
For assistance with dividing property, you can turn to Ulrichsen Rosen & Freed LLC for experienced and accomplished guidance. Our Mercer County equitable distribution of assets and liabilities attorneys have the experience and knowledge to ensure that you receive your fair share of your marital estate now and to prevent, to the extent possible, issues with your assets in the future. We serve clients in and around Pennington, New Jersey, including Princeton and Bridgewater.
Equitable Distribution in New Jersey
The law requires an equitable distribution of marital assets and liabilities during the divorce process. Marital assets are generally property that was legally and beneficially acquired during the marriage, regardless of which spouse has the title to the property. An equitable distribution is a fair, but not necessarily an equal, or 50/50, distribution.
Assets such as the following can typically be subject to equitable distribution:
- Real estate
- Personal property, including cars, art and jewelry
- Bank accounts
- Retirement funds, including pensions, 401(k)s and IRAs
- Stocks, bonds and other securities
- Family businesses
In addition, the law provides for the equitable division of marital debts such as mortgages, medical debts and credit card debts. Unlike orders for child support or spousal maintenance, a court order for the division of property is usually not subject to modification.
Property Division Attorneys
The lawyers at Ulrichsen Rosen & Freed LLC will provide guidance for all aspects of the division of complex assets and liabilities in both a median-income divorce and a high net worth divorce. We will work with you to ascertain the current and potential future value of your marital property and determine your fair share of the estate. When appropriate, our lawyers will use financial experts for property and business valuations and to uncover hidden assets. Because each divorce is unique, we will tailor our approach to your needs.
To learn more, schedule an initial consultation with us. Call us at 609-730-3850 or send us a secure message online.