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Categories for: Division of Assets

What you need to know when dividing a business in the middle of divorce in NJ
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances High Net Worth Divorce Mediation

Why You may Need a Business Valuation Expert in Your New Jersey Divorce

September 20, 2021

When it comes to marital asset division in a New Jersey divorce, you may need help determining the value of a certain property, namely a business. While bank accounts have defined values, other assets depend on various factors to arrive at a value. Take art collections, antique vehicles, and a family business, for example. Finding an objective value for any of these assets takes expertise in the field of art, antiques, finances, and marketing. To evaluate a business in divorce […]

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Is My Spouse Entitled to Share My Inheritance or Family Heirlooms in a NJ Divorce?
Posted in: Division of Assets Divorce Equitable Distribution Family Law

Is My Spouse Entitled to Share My Inheritance or Family Heirlooms in a NJ Divorce?

June 2, 2021

When a couple decides to divorce or dissolve their civil union, everything the spouses own must be classified as either separate or marital property. Inherited money and property is an important element in this determination. Although the court will equitably divide the marital assets, according to New Jersey statute N.J.S.A. 2A:34-23(h), money or property inherited during the marriage by just one spouse isn’t usually considered marital property, so it isn’t divided during the divorce. So, in short, you do not have […]

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It Is Over!, Who Keeps the Ring? Family Law Attorneys NJ
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances Mediation

It Is Over!, Who Keeps the Ring? Family Law Attorneys NJ

April 26, 2021

Not everything turns out as expected, especially when it comes to relationships and marriage. The invitations have been sent, the deposit paid on the venue, the catering menu is in its final touches when everything grinds to a screeching halt, and the engagement is over.  What a catastrophe!  Obviously, the groom-no-more gets the engagement ring back, right?  The answer is both yes and no.  Let’s take a look at what the New Jersey Courts have said about this. Not everything […]

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Divorce and Property Division in New Jersey
Posted in: Division of Assets Divorce Equitable Distribution Family Law Finances Mediation

Divorce and Property Division in New Jersey

December 1, 2020

Complex Asset Division and Property Division Attorney in a Divorce in Passaic County New Jersey There are inevitably many moving pieces involved in a divorce. Because marriage is a legal union in addition to a loving partnership, the separation of that union requires court-approved distribution of marital assets. For each spouse to receive their fair share of marital assets in a divorce, each must support an experienced family law attorney. Because of their extensive knowledge about the process by which […]

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The Key Financial Document & Backbone to Your Fair Share of Marital Assets, Alimony, and Child Support
Posted in: Alimony Child Custody Division of Assets Divorce Equitable Distribution Family Law Finances Mediation

Case Information Statement

October 29, 2020

The Key Financial Document & Backbone to Your Fair Share of Marital Assets, Alimony, and Child Support The New Jersey Family Part Case Information Statement (CIS) is a financial disclosure document required by divorce courts, designed to provide the court, parties, and legal counsel with a complete economic picture (i.e., income, expenses, assets, debts). As a signed and sworn document, it is often used to address various financial-related issues like child support, alimony, spousal support, equitable asset distribution, retirement funds, […]

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