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Equitable Distribution Lawyers in Hackensack, NJ

Understanding Divorce Challenges in Bergen County

Equitable distribution in New Jersey can be confusing, and if you don’t have the right counsel, the final judgement may not be in your best interests. Rely on our Hackensack lawyers to guide you through the process and advocate for you in court.

Defining Equitable Distribution in New Jersey

In New Jersey, assets in a divorce are dividing according to what the court deems “fair.” Contrary to what its name may imply, equitable distribution is not necessarily “equal” in terms of who gets what.

Some of the assets subject to equitable distribution laws include the marital home, vacation properties or timeshares, retirement and investment accounts, bank accounts, life insurance policies or proceeds, cars, vehicles, and other personal property.

In order to arrive at equitable distribution, the court will take into account the following factors:

  • The length of the marriage
  • The age and physical health of each party
  • What each party brought into the marriage
  • The standard of living during the marriage
  • Any agreements written before or during the marriage
  • The economic circumstances of each spouse
  • The income and earning capacity of each spouse
  • Any contribution to the training, education, or earning power one party made to the other
  • The current value of the property
  • Any tax consequences of the distribution
  • Whether the custodial parent needs to remain in the marital home
  • The debts of each spouse
  • Whether one party deferred career goals
  • Anything else the court feels is relevant

Contact Laterra & Hodge, LLC for Your Free Consultation

If you’re going through a divorce and are facing an equitable distribution hearing in court, you should call our offices and set up an appointment with one of our Hackensack lawyers. Our attorneys have over 25 years of combined experience and solely practice in family law to ensure that you are getting the focused and compassionate representation your case deserves.

Call (201) 580-2240 now to schedule your free consultation.

Commonly Asked Questions

How can I prepare for an equitable distribution hearing in Hackensack?

Preparing for an equitable distribution hearing involves gathering all relevant financial documents, including bank statements, tax returns, and records of assets and debts. It is also crucial to understand the factors the court will consider, such as the length of the marriage and each spouse's financial situation. Consulting with a dedicated attorney in Hackensack can help you build a strong case and ensure that you present all necessary information effectively, increasing your chances of a favorable outcome.

What is the process of equitable distribution in New Jersey?

In New Jersey, equitable distribution refers to the fair division of marital assets during a divorce. This process does not guarantee an equal split but rather considers various factors to determine what is fair for both parties. The court evaluates aspects such as the length of the marriage, the age and health of each spouse, their contributions to the marriage, and the economic circumstances of each party. It is essential to have knowledgeable legal representation to navigate this complex process and advocate for your interests.

What types of assets are included in equitable distribution?

In New Jersey, a wide range of assets can be subject to equitable distribution during a divorce. This includes the marital home, vacation properties, retirement accounts, bank accounts, vehicles, and personal property. Additionally, life insurance policies and their proceeds may also be considered. Understanding which assets are included is vital, as it can significantly impact the final distribution. An experienced attorney can help you identify and value these assets accurately to ensure a fair division.

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