Union Family Law Attorney for the Equitable Distribution of Marital Assets and Debts
At the Law Offices of John B. D’Alessandro in Union, we assist clients in all contested matters in a divorce, including the equitable distribution of marital assets and debts under New Jersey law.
Division of Marital Property in New Jersey
New Jersey law requires the judge in a divorce to make an equitable distribution of the marital property. The judge is not required to divide the property equally, but only to make a division the judge thinks is fair. The judge’s decision will be based on the arguments made by the attorneys regarding what would be a fair, or equitable, distribution. It is important to retain an experienced family law attorney who can prepare and present a persuasive case regarding the property settlement. John D’Alessandro has over 20 years experience in divorce and family law, and he knows all of the most important factors to consider when dividing marital property.
Property that should be divided in a divorce can sometimes be hard to trace. We make sure that every piece of marital property is located, correctly classified as marital or separate property, and properly valued, so that the judge can make a fair distribution.
Marital property can include both assets and debts. At the Law Offices of John B. D’Alessandro, we help clients find ways to fairly divide all the debts and assets acquired during a marriage, including:
- Real estate—principle residence, vacation homes, condominiums, and rental property
- Personal property—bank accounts, investments, vehicles, jewelry, electronics
- Retirement assets—401(k)s, IRAs, pensions and deferred compensation
- Cash values on insurance policies
- Business property
- Home mortgages
- Student loans
- Credit card debt
- Balances due on vehicles, boats, appliances and recreational items
When deciding what kind of distribution will be equitable or fair, the judge looks at over a dozen different factors. Some of these factors are objective and can be easily determined, while others are far more subjective. These factors include:
- The duration of the marriage
- The age and health of the parties
- The income or property brought into the marriage by both
- The standard of living established during the marriage
- The economic circumstances of each party
- Each party’s income and earning capacity
- The contribution of each party to the education, training or earning power of the other
John B. D’Alessandro can help ensure that both objective and subjective factors are accurately and fairly determined while presenting your position in the best light for an equitable division that respects your rights and interests.
Experienced Divorce Lawyer for Your Property Settlement
If your contested divorce includes a family home, sentimental belongings, or complex financial assets or debts, talk to an experienced New Jersey family law attorney who can make sure you are well-represented in the property settlement. In Union, contact the Law Offices of John B. D’Alessandro for assistance.