New Jersey Marital Property Law Firm
The division of marital property is often a complicated and difficult aspect of a divorce. Richard H. Weiner, Esq. and Barry L. Kaufman, Esq. have been involved in numerous high net worth matters involving professionals, athletes, business owners and entertainers as well as their spouses. For a consultation with our experienced attorneys, contact us today.
In New Jersey, there is a three-step process for dividing marital property. Assets and liabilities acquired during the marriage are:
- Valued; and
- Equitably or fairly distributed.
The fair and equitable distribution of assets and liabilities depends upon a number of factors, including, but not limited to:
- The length of the marriage
- Each person’s economic and non-economic contribution to the marital estate
- The tax consequences of equitable distributed assets
- The value of the property
- The debts and liabilities of the parties
- The age and health of each spouse
- Numerous other potential factors
What is the Difference Between Marital & Exempt Property?
Before equitably distributing assets and liabilities, it will first be necessary to differentiate between marital and non-marital or exempt property. Marital property is usually acquired during the course of the marriage. Non-marital or exempt property is usually acquired prior to the marriage or by gift or inheritance from third parties prior to or during the marriage that was not commingled with marital assets. In some cases, determining the difference can be very complicated. It is important to have an experienced attorney with significant knowledge of the law and the financial complexities involved in addressing these intricate issues in order to assist you with these matters.
Contact Bergen County Equitable Distribution Attorneys
Aronsohn Weiner Salerno & Kaufman P.C. has served New Jersey for over 40 years. Our lawyers have significant experience representing clients in all divorce and family law matters. We recognize the impact these matters have on your future and we are dedicated to helping you through this trying transition while you focus on moving on towards something better. Contact Aronsohn Weiner Salerno & Kaufman P.C. to schedule a consultation to discuss your case and get the strong legal representation you deserve.