It is common knowledge that during a divorce, the parties will have to divide up the assets and debts that they acquired during the marriage. Especially where the parties have been married for a substantial length of time, this can be a complicated and difficult task. More likely than not, the parties will have many…
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How to Calculate the Value of Marital Assets
New Jersey is an equitable distribution state, which simply means that marital assets are divided fairly between two spouses during a divorce. To ensure each spouse receives a fair share, the judge will need to know how much the marital assets are worth. Here’s how to calculate the value of marital assets: Schedule Professional Appraisals…
Read More »Dividing Real Estate in Complex New Jersey Divorces
Big-Ticket Assets Dividing real estate can be a complicated procedure in New Jersey divorces. Unlike other assets such as cash accounts, real estate is harder to value and involves numerous factors such as upkeep, taxes, and mortgages. To complicate matters further, the marital home is often an emotional asset that one or both spouses don’t…
Read More »How to Spot Asset Hiding Like a Pro
Uncovering Asset Hiding Techniques In New Jersey as in other states, both spouses party to a divorce must fully disclose all their assets and income streams. New Jersey is an equitable distribution state. This means the spouses must fairly divide their marital assets. In an effort to shrink the pool of marital assets, some spouses…
Read More »Transferring Assets: 5 Helpful Tips for a Smooth Asset Division
Tips for Transferring Assets Conflict-Free Once you identify all marital assets that are subject to division (excluding separate assets), you can begin the process of dividing and transferring your assets. Transferring assets between you and your spouse can be difficult, but here are some helpful tips to facilitate a smooth asset division.
Read More »Executive Compensation and Divorce: Dividing Complex Assets
A Difficult Division Fairly dividing marital assets in a divorce can be challenging, especially if those assets include executive compensation. When it comes to dividing marital assets, a proper valuation is the key to an equitable property distribution. But valuing executive compensation can be difficult to do on your own given its complex nature. To…
Read More »Spouse Hiding Assets? Here’s What to Do
A Common Tactic Hiding assets in a divorce case is unethical yet surprisingly common. Spouses hide assets for a number of reasons such as revenge, greed, and fear of financial insecurity. Unfortunately, the other spouse is often blindsided by such a discovery. If you think your spouse is hiding assets, here is what you need…
Read More »5 Ways to Sabotage Your New Jersey Property Division (and 5 Ways to Get What You Want)
The Quickest Route to Regret Property divisions are often the most antagonistic part of a divorce. If you want your New Jersey property division to fall in your favor, avoid the following tactics at all costs.
Read More »Separate Property: Preserving Your Assets in Divorce
Many people believe any spouse walking away from marriage will leave with half the assets. In New Jersey, that isn’t necessarily the case.
Read More »Defining Assets
If you are getting a divorce, your assets will need to be divided. Many people aren’t clear on what is considered an asset and what assets must be divided.
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