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Property Division in Divorce

By Lois G. Schwartz | September 25, 2018

Property Division in DivorceProperty Division in Divorce

Property division during divorce proceedings can be complicated. It’s important for former couples to recognize that unless they come to an agreement outside of court, it’s likely that New Jersey courts will equitably divide the combined value of all the couple’s assets and debts between the two parties.

Failing to Disclose Marital Property

New Jersey’s courts utilize equitable distribution standards during divorce proceedings. This means that the total value of all assets and debts obtained during the marriage will be considered joint property, and this value will be equitably divided between the two parties. If former spouses don’t want to utilize this standard, then it’s possible to come to agreements through mediation. During a divorce, equitable distribution does not apply to separate property such as inheritances, property owned before marriage or gifts.

Contact New Jersey Family Lawyer Lois Garber Schwartz

With over 35 years of experience working within family courts, attorney Lois Schwartz is confident in her abilities to help you and your former spouse come to an agreement about property division, child custody issues or other conflicts about your divorce. Reach out to her law firm online for more information about how she can help you.

The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.

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Lois Garber Schwartz

1040 Kings Highway N., Suite 202

Cherry Hill, NJ 08034

 

Phone: 856-482-8799

Fax: 856-482-0343