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Equitable Distribution

While dividing assets and property can be complex and burdensome, our aim is to provide you with the strongest and fairest allocation of resources permissible by law.

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Equitable Distribution in New Jersey

 

Equitable distribution is the fair and judicially-acceptable division of assets and liabilities acquired during the marriage. This division of resources can relate to things such as your home(s), vehicles, pension plans, tax-deferred plans, stocks, bonds, mutual funds, mortgages, credit card debt, digital assets like cryptocurrencies, businesses, or even inheritances. Other states might refer to this as "community property," but in NJ, it's "equitable distribution." 

It does not always mean equal, although it may in some cases. Many men and many women maintain similar fears in a marital arrangement in the event the relationship goes south for one reason or another. Both parties generally express a great deal of concern that their partner will walk away with the lion's share of marital assets, leaving you holding the bag and struggling to financially recover.

Whether you're the proverbial "breadwinner" of the family, or if you've alternatively been the homemaker, live-in chef, and the parent tasked with raising your children, both you and your spouse want to receive a "fair share" of property to ensure a safe, secure future.

The individual earning the majority of income may feel entitled to retain it, while the parent primarily raising the child might feel that he or she bears the greatest responsibility and should thus be compensated by the spouse accordingly. 

Alternatively, both spouses may work, but whether you two earn similar wages or vastly different sums of money, or if one of you entered the marriage with a substantially greater net worth, you're sure to have your concerns on the allocation of resources.

And while some might feel that dividing assets is reserved exclusively for the rich and the upper-middle class, ordinary everyday Americans often inevitably own at least some types of property - property that may need to be split upon divorce and dissolution of the marriage. 

As one of our primary practice areas, Simon Law Group has extensive experience addressing clients' individual concerns pertaining to the distribution of marital assets. Our attorneys are able to walk you through each step of the process, and can work with you to formulate an ideal agreement that works best for you which is suitable to your spouse and the judge.

Contact us today to speak to an attorney about how you can optimally safeguard your assets and secure your financial future in the event of a divorce. Consultations are free.

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As the region's leading Family, Divorce, and Real Estate attorneys, Simon Law Group offers zero-cost consultations. Pursuing your interests is our top priority.

New Jersey Family Courts we appear in regularly:

Bergen County 
Justice Center, Room 119
10 Main Street
Hackensack, NJ 07601
(201) 527-2300

 

Essex County 
Family Division Dissolution Unit
Wilentz Justice Complex, Room 113
212 Washington Street
Newark, NJ 07102
(973) 693-6710

 

Family Division Non-Dissolution Unit
Wilentz Justice Complex, Room 1365
212 Washington Street
Newark, NJ 07012
(973) 693-5560 or (973) 693-5520

 

Hudson County
Family Intake Team
Administration Bldg., Room 203
595 Newark Avenue
Jersey City, NJ 07306
(201) 795-6777

 

Hunterdon County 
Family Case Management Office
Hunterdon County Justice Center
65 Park Avenue
Flemington, NJ 08822
(908) 237-5920

 

Mercer County
Family Case Management Office
175 S. Broad St., 2nd Floor
P.O. Box 8068
Trenton, NJ 08650-0068
(609) 571-4200

 

Middlesex County
Family Part Intake Reception Team
Family Courthouse
120 New St., Room 111
P.O. Box 2691
New Brunswick, NJ 08903-2691
(732) 519-3242

Monmouth County
Family Part, Courthouse
71 Monument Park
P.O. Box 1252
Freehold, NJ 07728-1252
(732) 677-4050

 

Morris County
Morris County Family Division
Morris County Courthouse Family Intake
Washington and Court Streets
P.O. Box 910
Morristown, NJ 07963
(973) 656-4000

 

Somerset County
Family Case Management Office
Courthouse, 2nd Floor
P.O. Box 3000
Somerville, NJ 08876-1262
(908) 231-7600

 

Sussex County
Sussex County Family Division
Sussex County Judicial Center
43-47 High Street
Newton, NJ 07860
(973) 579-0630

 

Union County
Dissolution Assignment Office
New Annex Bldg.; Courthouse
2 Broad Street
Elizabeth, NJ 07207
(908) 659-3314

 

Warren County
Family Division Dissolution Unit
Courthouse
413 Second St.;
P.O. Box 900
Belvidere, NJ 07823-1500
(908) 475-6150