Divorce can be a tumultuous journey, especially when it comes to dividing assets and property. That’s why finding a competent New Jersey property division lawyer is crucial to protecting what matters most to you. With so much at stake, from cherished family heirlooms to hard-earned investments, an experienced attorney can skillfully navigate the complexities of New Jersey’s property division laws. Contact Lawrence Law for assistance today.
If you’re about to get a divorce, you’re most likely worried about what will happen to your possessions, such as your home, assets held in bank accounts, and more. Fortunately, you are in the right place. Don’t leave your future to chance–let a dedicated New Jersey divorce lawyer from Lawrence Law protect your rights and secure your financial well-being.
When a couple gets divorced in the state of New Jersey without a prenuptial/postnuptial agreement, the court will likely distribute their marital assets via equitable distribution. Importantly, “equitable” is not necessarily “equal.” Instead, the court will distribute assets in a manner they believe to be fair and just to both parties. For this reason, it’s important that you have a competent property division lawyer in your corner who can best protect what’s yours.
Marital property in New Jersey encompasses any property that either or both spouses acquired during the marriage, such as:
Separate property encompasses any money or other assets that spouses acquired before they married and after one of them filed divorce papers. Separate property is exempt from equitable distribution, meaning each spouse can keep their respective separate property after a divorce. It is also worth noting that certain assets may still be considered separate property, even if they were acquired during the course of a marriage, such as:
One of the best ways for a couple to protect their assets is through drafting a prenuptial or postnuptial agreement. In both of these agreements, you can clearly outline the property each party is entitled to, should you ever get a divorce. The only significant difference between these agreements is that prenuptial agreements are drafted prior to marriage, while postnuptial agreements are drafted after a couple is already married. If you have any interest in drafting either of these agreements, Lawrence Law is here to answer your questions and guide you through the process.
The thought of losing some of your most important assets isn’t a pleasant one. That’s why you need a skilled property division lawyer who can help you keep the things that matter most to you. Contact Lawrence Law today to schedule your initial consultation with our firm.
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