NJ Divorce and Equitable Distribution of Property. As part of most New Jersey divorces, the parties must equitably distribute their assets, debts and liabilities. Often this includes the marital residence, other real estate, retirement accounts such as 401ks, IRAs, pensions or annuities, jewlery, personal property, furniture, automobiles, life insurance, credit card debt, mortgage or home equity line debt etc. Equitable distribution does not mean equal distribution, rather it is what is considered to be fair. If parties cannot agree in a matrimonial settlement agreement how to distribute their property, then a court would ultimately decide at a trial. If you are considering a New Jersey divorce and are looking for a New Jersey divorce lawyer or New Jersey divorce attorney, call us at our East Brunswick or Fort Lee offices at 732-390-0480 or 201-242-1119 for a free consultation today!
Aug 21, 2016 @ 03:04 PM — by Michael Green