Equitable Distribution Of Asset Lawyers
The legal process of dividing marital property varies from state to state. In New Jersey, courts split marital property under “equitable distribution” standards. This does not necessarily mean equal in the sense of 50/50, but a fair division based on the facts of the marriage.
The family law firm of Laufer, Dalena, Jensen, Bradley & Doran, LLC, is one of the most established law firms in northern New Jersey. Our Morristown division of assets lawyers are committed to excellence, which means working hard for a property division result that is in our clients’ best interests. We offer experienced and quality family lawyers, as many of them have been nominated to the Super Lawyers/Super Lawyers Rising Stars lists. Be sure to check out our team’s nominations in the section below.
A Variety Of Approaches To Asset Division
In equitable distribution states such as New Jersey, an experienced Chatham divorce attorney has quite a bit of room to work with to enhance a divorcing individual’s retained assets. There are two common ways to resolve property division disputes:
- Litigation. Divorce courts look at 11 criteria when making decisions regarding property division. At Laufer, Dalena, Jensen, Bradley & Doran, LLC, we can ensure that 1) all valuable information advantageous to your case is presented to the court, and 2) you have an advocate in the courts throughout your property division proceedings.
- Mediation and arbitration. Alternative dispute resolution can save you time and money, reduce conflict, protect your privacy and give you greater control over the results. Our family law attorney team includes numerous certified divorce mediators.
Marital Property Vs. Separate Property In New Jersey
The first question that must be answered in any asset division case is what property belongs to the marriage and what property belongs to one individual party. As a general rule of thumb, if one party contributed financially, spent time on or made personal sacrifices for the marriage to attain or grow assets (like a family business), then that property will be considered a marital asset and subject to equitable distribution.
On the other hand, if one party owned certain assets like real estate prior to the marriage and the other party did not make any contributions to the maintenance, value or sustainability of that property, then it will most likely be considered separate property and as such not subject to equitable distribution laws.
At Laufer, Dalena, Jensen, Bradley & Doran, LLC, our experienced marital property attorneys can help you effectively determine and prove which of your assets belongs to the marriage and which are privately owned and outside of equitable distribution laws. We have already helped many clients across Mendham, Chatham, Chester, Madison and the greater Morris County area effectively and efficiently identity marital property and separate property. Contact us today to let our experienced Morristown asset division lawyers do the same for you.
Secure A Favorable And Equitable Settlement
Our Morristown division of assets lawyers are highly knowledgeable, experienced and skilled in managing marital property litigation and settlements. Yet, asset division can become difficult when numerous bank accounts, retirement accounts, overseas accounts, royalties, licenses, family businesses, inheritances, debts and other complex assets are involved. Therefore, we will work closely with forensic accountants and other experts to help secure your divorce settlement.
There are a great many options when it comes to asset division. Some people wish to retain possession of specific properties in exchange for financial buyouts, while others prefer to use marital assets to offset the later costs of spousal support payments.
It is also important that you consider the long-term implications of the retention or division of certain marital assets. While you may wish to keep the family home, the cost of maintenance of that home may be prohibitive or the difficulty of selling it may make it a less attractive option. Conversely, dividing a family business may have detrimental consequences to the viability of that business, or it may make it a more agile and profitable enterprise.
There is a great deal to consider and many options when settling your marriage’s asset division agreement. The experienced equitable distribution attorneys of Laufer, Dalena, Jensen, Bradley & Doran, LLC, are ready to provide you with guidance, advice and tenacious legal counsel when it comes to your marital asset division agreement. Whether you wish to mediate your divorce outside of the courts and find effective compromises or fight for what you truly deserve in a court of law, we are prepared to represent your interests throughout the process.
Contact A Morris County Attorney Today
At the law firm of Laufer, Dalena, Jensen, Bradley & Doran, LLC, many of our lawyers have extensive experience helping clients across Chatham, Mount Olive, Parsippany, Randolph and surrounding communities favorably and equitably resolve their asset division settlements. By focusing heavily on family and divorce law, we are uniquely suited to help you navigate the many nuances and pitfalls of divorce and asset division settlements.
Many of our family law attorneys are also AV Preeminent-rated, signifying the highest industry standards of legal knowledge, ability to communicate and litigation skills. Check out our attorney profile section for a complete list of accolades and qualifications.
We are available for evening and weekend appointments, and we are ready to speak with you today about marital asset litigation, settlement and/or mediation. Contact us online or through our Morristown offices at 973-975-4043.