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.
Local Insights on Equitable Distribution in Hackensack, NJ
Residents of Hackensack, NJ, often face unique challenges when navigating the complexities of equitable distribution during divorce proceedings. With the Bergen County court system overseeing these matters, it’s essential to understand how local laws and regulations can impact your case. The Hackensack City Council and Bergen County government provide resources that can help you better understand your rights and responsibilities during this difficult time.
Many couples in our community find themselves grappling with the emotional and financial stress of dividing assets, especially when it comes to the marital home or shared investments. The high cost of living in Bergen County can exacerbate these issues, making it crucial to have a clear understanding of your financial situation and the potential implications of asset division. Local residents often worry about maintaining their standard of living post-divorce, particularly if children are involved and one parent needs to remain in the family home.
Additionally, the diverse population in Hackensack means that each case can present its own set of challenges, from language barriers to differing cultural perspectives on asset division. Our team is well-versed in these local nuances and can provide tailored guidance to help you navigate the process effectively. We understand that every situation is unique, and we are committed to advocating for your best interests while considering the specific dynamics of your case.
By leveraging local resources and understanding the specific pain points faced by residents in Hackensack, we can help you achieve a fair outcome in your equitable distribution hearing. Whether you are dealing with complex financial portfolios or simply need clarity on the process, our Hackensack lawyers are here to support you every step of the way.
