In equitable distribution, or non-community property states like New Jersey, marital assets and debts are divided on an “equitable” or fair basis. In many divorces, this will result in a nearly 50/50 split of the property in terms of value of the assets and debts that make up the marital estate. However, in other situations, particularly where the marriage was short and the disparity in value of the assets each spouse brought to the marriage was large, the division may be very unequal but nonetheless fair.
Matters of equitable distribution can quickly become confusing, especially if you believe your spouse may be trying to trick you or withhold assets. At O’Sullivan Law Group, our Morris County divorce lawyer is prepared to help ensure your case is handled fairly and appropriately. When a negotiated marital property settlement cannot be reached between you and your spouse, the principles of equitable distribution give courts significant flexibility when it comes to resolving questions of property division.
The first step you should take is to consult with a Morris County divorce attorney as soon as possible. With more than 20 years of experience in the field of family law, we are familiar with the way courts typically handle cases involving equitable distribution.
Contact us at (973) 947-8699 to set up a case consultation.