In New Jersey, fair, not equal, property division

| May 16, 2019 | Uncategorized |

When most people in New Jersey choose to marry, they do so with the intention of spending the rest of their lives together. However, as time passes, people change, often leaving a couple who were once perfectly happy together in a miserable situation. If they choose to divorce, the process of property division can be a contentious and confusing one.

Fortunately, the attorneys at Bastarrika, Soto, Gonzalez & Somohano, L.L.P. are ready to help. We understand that the decisions made as part of the property division process will potentially have a lasting impact on the person’s future. As such, we take the time to fully understand the individual needs of our clients and help them seek a resolution that is in their best interests.

Because New Jersey is an equitable distribution state, judges are often left to determine what is a fair distribution rather than simply dividing assets equally. In addition to assets, debt incurred during the marriage must also be divided. As part of this process, the judge may examine whether there are circumstances that could shift a person’s debt responsibility. For example, the judge may consider each spouse’s ability to pay off the debt as well as the benefit each spouse received from a loan.

Our attorneys are ready to help a person in New Jersey considering divorce with all aspects of the property division process, including determining the value of any assets. We can also look for and provide evidence of how our clients contributed to the marriage finances. Our priority is fighting for our clients’ best interests.