Equitable Distribution of Assets & Debts
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.
The attorneys at Ulrichsen Rosen & Freed LLC have the experience and knowledge to ensure that clients receive their fair share of the marital estate and to prevent, to the extent possible, issues with assets in the future. We serve clients living throughout New Jersey including Mercer County, Somerset County, Hunterdon County, Middlesex County and Burlington County.
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 or beneficially acquired during the marriage, regardless of which spouse has the title to the property. An equitable distribution is a fair, but not necessarily equal, or 50/50 distribution.
The following marital assets are typically subject to equitable distribution:
- Real estate
- Personal property, including cars, art and jewelry
- Bank accountsRetirement funds, including pensions, 401(k)s and IRAsStocks, bonds and other securities,
- Employment benefits
In addition, the law in New Jersey provides for the equitable division of marital liabilities such as mortgages, medical debts and credit card debts. Unlike orders for child support or spousal support a court order for the division of property is usually not subject to modification in the future.
Property Division Attorneys
The lawyers at Ulrichsen Rosen & Freed LLC provide counsel regarding all aspects of the division of complex assets and liabilities in both a median-income divorce and a high net worth divorce. The attorneys at Ulrichsen Rosen & Freed LLC work with clients to ascertain the current and potential future value of marital property and determine the fair and equitable 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 each client’s needs.
We assist clients clients living throughout New Jersey including Mercer County, Somerset County, Hunterdon County, Middlesex County and Burlington County.
To learn more, schedule an initial consultation with us. Call us at 609-730-3850 or send us a secure message online.