How Will Your Assets Be Divided?
One of the primary considerations most families face when contemplating divorce is how to divide assets appropriately. The state of New Jersey divides property through a process known as “equitable distribution.” The asset division process separates jointly acquired assets, liabilities, debt and obligations between the parties based on a court ruling. However, the term equitable does not necessarily indicate an equal split of these items, but instead is just a starting point for negotiations.
The final distribution percentage will fluctuate based on factors such as future earning potential and current income. Additionally, any premarital legal agreements may factor into the process. Throughout the process, it is vital to have reliable and experienced legal representation by your side to secure your interests.
Do not lose out on your hard-earned assets during the divorce process. At the Law Office of Robert Ricci, Jr., we aggressively fight for our clients’ rights to fair and equitable asset distribution.
Assets To Consider During Divorce Planning
Only “marital assets” are considered when dividing assets during a divorce. This includes any asset acquired after the marriage, including:
- Cash in checking and savings accounts
- Balances from mutual funds, stocks and bonds
- Retirement accounts, including 401(k), IRAs, federal savings plans, etc.
- Real property, including houses, cars, boats, furniture and more
- Business assets
- Intellectual properties
Some assets are excluded from this process, including any asset owned prior to the marriage, personal injury settlements, inheritance, gifts to one spouse and assets specified in marital agreements.
Strong Representation In Your Corner
There is no substitute for having an adaptable, experienced and confident lawyer in your corner during this process. With our attorney representing your interests, you will have the peace of mind knowing that we will fight for you each step of the way.
Take the guesswork out of your divorce and protect your rights. Our firm in Clark has the experience and knowledge necessary to provide holistic support for your legal concerns. Take advantage of our free consultation and experience our unique insights into the prospects for your case. Call us now at 732-587-7051 or send our team an email.