New Jersey Equitable Distribution Lawyer
There are many myths and misunderstandings surrounding the division of marital property during divorce. For example, many people think if they leave the marital home, they lose their rights to it; however, this is not true. It is also a common misconception that "equitable distribution" means an equal, 50-50 division of assets. This is how marital assets are divided in most cases, but certainly not all.
An experienced divorce attorney can explain the process of dividing your marital assets and debts — and make sure you receive a fair settlement. I am attorney Jeffrey Karl, and I have helped people with divorce for 35 years. I understand New Jersey divorce law and how to protect your rights accordingly. For a free phone consultation, please call my office at 856-324-4920 or contact me online.
Dividing Marital Assets and Debts
Marital assets include property and financial assets, as well as debts, that were acquired during the marriage. During a divorce, marital assets are subject to equitable distribution. The means the courts strive for a division that is fair for both parties.
I can help you with the valuation and division of your marital assets, including:
- Real estate
- Personal property, including vehicles, household goods, art and jewelry
- 401(k) accounts and IRAs
- Insurance
- Stocks
- Businesses
You must also divide marital debts, which may include mortgages, other loans, credit card balances and taxes.
We will talk about your overall divorce goals before we decide which assets you want to keep. For some people, a lengthy dispute over assets is less important than issues such as alimony or child custody. Every client is different, so we will lay out your unique goals before we begin.
To make an appointment with a Cherry Hill marital property division lawyer, please call me at 856-324-4920.
