In a perfect world, divorcing parties would agree that their marriage has come to an end, make an inventory of everything they own, and then agree to equally split their property because of the love and affection that they once shared. Unfortunately, the reality is far from that. Even when couples enter a marriage with a prenuptial agreement outlining how property will be divided in the event of a divorce, disputes over property still arise. For more than 30 years, the Morris County family law attorneys at Nitti & Nitti have helped clients resolve their family law concerns and other legal matters, our division of property lawyers will too.
Why Choose A Morris County Division Of Property Lawyer From Nitti & Nitti?
Our Managing Partner, Joseph Nitti, Esq., has handled family law cases throughout New Jersey since 1986. You can count on him for the knowledgeable advocacy you want on your side.
Our goal is to help you resolve your concerns in an efficient and effective manner – without wasting your valuable time and money.
As a local, family-owned firm, we are able to offer the one-on-one service and caring assistance you deserve. You and your case matter to us.
If you’re looking for a division of property attorney in Morris County, our attorneys are waiting to hear from you. Call us at (973) 226-4141 to schedule your free consultation.
Factors Considered in Division of Marital Property
In New Jersey, the law is concerned with the equitable distribution of marital property. The goal is to achieve a distribution that is just and fair, rather than equal division. When a case for division of marital property is before the court, the court makes a determination based on a three-step process:
The court must first determine what assets comprise the marital property to be distributed
The second determination is the value of these distributable marital assets
Finally, determine how the assets can be equitably distributed between the parties
The factors considered include:
The duration of the marriage
The income or property that each party brought into the marriage
Any written agreement made by the parties before or during the marriage concerning an arrangement of property distribution
The present value of the property
The debts and liabilities of the parties
What Does Marital Property Include?
In New Jersey, marital property includes all real and personal property that was legally and beneficially acquired jointly or by either party during the marriage. Gifts and inheritances (except those given by one spouse to the other) are excluded from marital property. Marital property includes such things as the family home, vacation properties, and investment accounts. One of our helpful Morris County divorce lawyers can help clarify any of the questions you may have.
Why You Need a Division of Property Attorney
The court process for the division of property can be overwhelming for someone who does not have the resources to provide the court with the necessary information to make a decision. Preparing a division of property case requires the expertise of property valuers. An experienced division of property attorney has access to such experts who can give evidence to the court as to the value of the marital property.
A knowledgeable attorney is also very familiar with the rules and procedures of the court. The court does not change its rules and standards because a party is not represented by an attorney. The court’s awards will be based solely on the evidence presented in court and the things that you ask for. You will have yourself to blame if you provide the court with insufficient evidence to enable the judge to make a fair decision.
Contact A Morris County Division Of Property Lawyer Today
If you are in search of a division of property attorney in Morris County to protect your interests and get your equitable share of marital property, call (973) 226-4141 or click here to schedule your free consultation.
