New Jersey Equitable Distribution Lawyer
What Happens to Property?
Marriage is viewed as a partnership, almost like a family business. It does not matter that one spouse worked during the marriage and the other stayed at home. In New Jersey, the law's concept is that by staying home, the non-working spouse made it possible for the working spouse to earn a living. Therefore, any property that was acquired during the marriage is subject to equitable distribution. There are exceptions to this rule, such as: property acquired during the marriage by either party by way of a gift from a third party or inherited property. Under such circumstances, the excluded property is not subject to equitable distribution.
Equitable distribution of marital property does not always mean an equal division. There may be reasons why one spouse would receive more or less than an equal share of an asset. For example, one spouse may get 60% of the marital home and, in return, waive her or his right to alimony or spousal support. Or, one spouse may have severe health problems. These, and similar types of problem can result in an unequal distribution.
Contact us today at Stephen R. Piper, PC in Haddonfield, New Jersey, for a free initial phone consultation.
An Experienced Financial Analyst on Your Side
- The court determines distribution based on a number of factors that will not always function in your favor. Leaving this determination up to the discretion of the courts is an unwise decision. It is better to work with an attorney who can negotiate a settlement with your interests in mind.
- Attorney Stephen Piper utilizes his legal background in business valuation cases to gain a comprehensive picture of client finances, examining spending habits, credit history and other factors that can affect the way that property and debt will be divided.
- Mr. Piper handles all equitable distribution matters personally. Adept at financial analysis and effective negotiation, he helps clients eliminate sticking points that can get in the way of successful and swift marital estate resolution. Our firm has helped numerous clients arrive at an equitable distribution that makes good use of concessions and minimizes disputes.
If you would like to avoid the animosity and frustration often associated with equitable distribution, or are worried about losing control over financial determinations during your divorce, contact Stephen R. Piper, PC today.
