In many divorces, the distribution of assets and debts is one of the most hotly contested issues and one that raises many questions: Who will be responsible for paying our joint debts? Who will get to keep the house? How will our bank accounts be divided? How will pensions and other retirement accounts be distributed?
At Nemergut & Duff, our team of knowledgeable New Jersey lawyers has 65 combined years of legal experience. We can help you understand the New Jersey divorce laws and negotiate a satisfactory property distribution agreement.
If necessary, we can also defend your interests at trial. As a Board Certified Matrimonial Lawyer, partner Howard Duff is well-known and respected in all the local courts.
Contact an Edison property distribution attorney today to schedule a free initial consultation. You may also call our law office directly at 732-734-4965 or toll free at 877-767-0905 to learn how we can help.
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Equitable Distribution of Marital Assets
In New Jersey, divorce-related property division is called the equitable distribution of marital assets. In most cases, all assets and debts accumulated during the course of the marriage are considered joint property and will be divided fairly (though not always equally) between spouses. Joint marital property usually includes:
- Houses
- Cars
- Furnishings and personal property
- Vacation property
- Retirements accounts
- Savings accounts
- Investment assets
- Family-owned businesses
- Tax debt and credit card debt
Pensions, 401(k)s and other retirement funds are distributed by means of a qualified domestic relations order (QDRO). Nemergut & Duff can help you enforce a QDRO after your divorce.
Creative Solutions to Property Distribution in New Jersey
Every divorce is different, and while your divorce may be simple for our lawyers, we are aware that this is your only divorce and the results may impact you for many years or even the rest of your life. Our law firm works to develop individualized solutions to property distribution disputes. We can help you and your spouse explore creative resolutions such as having one party buy out the other’s interest in the house or having one party own the home while the other takes the tax credits.
Certain types of property distribution entail potential tax consequences, so we encourage you to also consult your accountant before finalizing an agreement.
Contact a Woodbridge Property Division Attorney
Talk to an experienced asset division lawyer about your specific divorce-related concerns. Arrange a no-cost, confidential consultation by calling our office at 732-734-4965 or toll free at 877-767-0905. We return phone calls the same day.