When a marriage includes more than one property, like a Shore vacation home, a Poconos getaway, or a set of income-producing rentals, divorce gets more complicated fast. These aren’t just sentimental assets. They’re also tied to cash flow, debt, tax consequences, and long-term wealth.
In New Jersey, property division follows equitable distribution, which means the court aims for a division that is fair, not automatically 50/50. For couples in Somerset County and Hunterdon County, real estate portfolios often include a mix of primary residences, vacation homes, and rentals, each requiring careful analysis.
We offer a practical guide to how NJ divorces typically address vacation homes and rental properties, including income and tax considerations that can significantly impact your bottom line.
Important note: This article is general information, not legal advice. Every divorce is fact-specific ... especially when real estate and rental income are involved.
Follow along for the next segment regarding what happens to your vacation home or rental properties in a divorce.
If you are in this situation and are contemplating divorce, reach out for guidance from our Divorce attorneys; we offer free consultations, call today 800-709-1131 or you can text us at 908-864-4450.