Marital Asset Distribution Lawyers in Chester
Practicing Divorce & Family Law since 1994
Property division is one of the most complicated issues in divorce. This is especially true for long marriages, high net-worth couples, and blended families, though any couple can have a difficult time fairly dividing assets and debts. When you divorce, you must disentangle your life with your spouse, which not only includes separating from him or her physically and emotionally but financially as well.
If you are filing for divorce, work with a divorce attorney who is experienced in this matter. At Edens Law Group, we have been practicing divorce and family law since 1994. Our legal team is adept at negotiating, mediating, and litigating fair asset distribution resolutions.
Asset & Debt Distribution under New Jersey Law
New Jersey is an equitable distribution state, which means that courts seek to divide and distribute marital property in a way that is fair and just to both parties. Equitable does not necessarily mean a 50-50 split.
To properly divide marital property:
- All marital property, assets, and debts must be located or disclosed
- Assets and property must be appraised or valued
- Debts and liabilities must be paid or assigned
Key to this issue is the difference between marital property and separate property. Marital property is anything the couple accumulated or commingled during the marriage. Separate property is anything a spouse owned before the marriage or any gifts and inheritances they received separately from their spouse during the marriage.
We will explore your knowledge of the family assets and debts during your initial meeting with one of our Chester asset distribution lawyers. During your free one-hour strategy session, we will discuss this issue and begin formulating a strategy to fit your family’s needs.
Schedule your initial session with us by calling Edens Law Group at (908) 259-6565.