Dividing Marital Property
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Dividing marital assets and marital debt is one of the major issues that must be addressed in a divorce. Yet given the impact that the resolution of property division issues can have on the financial interests of both parties for years to come, it’s no surprise that it is also a frequent subject of contention and litigation.
At Karcher Law Firm, we seek solutions to difficult divorce-related conflicts by focusing on the core issues and differences and then working to resolve those points of contention as efficiently as possible. This is a strength that consistently enables us to achieve remarkable cost- and stress-saving results for clients from all walks of life. We’re confident that we can help you here, too.
Call 732-852-7018 for a free phone consultation to learn about your options and how we can help.
Equitable Distribution Means ‘Fair,’ Not Equal
Property division issues can be resolved with a property settlement agreement reached through negotiation or mediation, or through litigation where a judge makes the final decision. The best option, of course, is an out-of-court solution. Unfortunately, this doesn’t always happen.
If this issue has to be litigated in a divorce, the judge will consider several “equitable distribution” factors and then decide how to divide the marital assets and debts as fairly (not equally) as possible. Those factors include:
- The length of the marriage (or civil union)
- The assets each party brought into the marriage or civil union
- The economic circumstances of each party at the time the division of property becomes effective
- The standard of living established during the marriage or civil union
- The existence of any written agreement regarding property distribution that was made by the parties before or during the marriage or civil union
- Any other factors the judge deems relevant
Whatever your situation, our lawyers will take the time to explain everything in clear and easy to understand terms, help you identify goals and spare no effort or resource in seeking to achieve those objectives.
Questions About Property Division? Call Us.
To discuss your specific situation, call our office, or contact us online. We offer free initial phone consultations, accept major credit cards and are admitted to practice in both New Jersey and the state of New York.