Equitable Distribution Lawyer in Morristown, NJ, Handling Asset Division Fairly in Morris County and Throughout North Jersey
Splitting up money and property during a divorce can be really tough. Arguments over who gets the family home, retirement accounts, or even sentimental items can spiral out of control. The choices you make now can affect your money for years to come. With a seasoned Morris County division of marital assets attorney guiding you through this process, achieving a fair resolution to property disputes is possible.
At M. Hart Divorce & Family Law, we help Morris County spouses divide assets fairly. We can guide you through the legal process to make sure your money and property are split up fairly.
We understand what’s at stake, and we’re here to help. Contact our Morris County division of marital assets attorney to discuss your case with us.
How Marital Assets Are Divided in Morris County
In New Jersey, marital assets are divided equitably. Equitable means fair, but it doesn’t always mean equal. The court considers several factors to determine what is fair for each spouse based on their circumstances.
For instance, imagine a couple who owns a business together. One spouse manages operations, while the other supports the household and raises children.
The court might award a larger share of the business to the managing spouse while compensating the other spouse with other assets to ensure fairness. This tailored approach avoids a rigid 50/50 split, focusing instead on what’s equitable.
If you’re going through a divorce, contact us. Our equitable distribution lawyer in Morristown, NJ, can help you divide your marital assets in a way that reflects your best interests.
What Assets Morris County Courts Consider Marital Property
Marital property includes all assets acquired during the marriage, regardless of whose name is on the title. Marital properties can include:
- The family home or other real estate
- Joint bank accounts
- Retirement accounts, such as 401(k)s and IRAs
- Investments, like stocks and bonds
- Vehicles purchased during the marriage
What Assets Morris County Courts Consider Separate Property
Separate property includes assets acquired before the marriage or through inheritance. Separate property may include:
- A house owned before marriage
- An inheritance from a family member
- Gifts given solely to one spouse
Separate property can become marital property if it’s commingled.
For example, if you owned a savings account before marriage but deposited joint earnings into it, the savings account may now be considered marital property.
If you’re confused about what counts as marital or separate property, contact us. Our Morris County division of marital assets attorney can help determine what possessions count as marital property and divide your assets in a way that protects your best interests.
What Are Your Options for Dividing Marital Property?
When it comes to dividing marital property, you have two options:
- Negotiate an agreement with your ex-spouse: This is often the fastest and most cost-effective way to resolve your marital property dispute.
With our Morris County division of marital assets attorney by your side, you can negotiate an agreement that reflects your financial goals and avoids a lengthy court battle.
- Let the court decide: If you and your spouse can’t reach an agreement, a judge will divide your assets based on equitable distribution laws. While going to court ensures a resolution is reached, it’s often more time-consuming and costly than working toward a settlement out of court.
Whenever possible, we encourage negotiating an agreement to save time and money.
Factors Courts Consider When Dividing Your Marital Assets
When dividing marital property, Morris County courts consider several factors, including:
- The length of the marriage
- How much money each spouse makes
- Contributions to the marriage, both financial and non-financial
- The value of the marital property
- The couple's lifestyle during their marriage
- Any prenuptial or postnuptial agreements
- Each spouse’s age and health
- Custody arrangements, if children are involved
- Debts and liabilities
The above factors help the court determine what’s fair. Our equitable distribution lawyer in Morristown, NJ, works tirelessly to ensure the court sees your side of the story.
How Our Morris County Division of Marital Assets Attorney Can Help You Resolve Marital Property Disputes
Whether you are negotiating a settlement with your spouse or preparing for court if an agreement cannot be reached, here’s how we can assist you:
Understanding Your Situation
We take the time to understand your situation and any concerns you have regarding the division of property. Then, we explain your rights under equitable distribution laws and how they apply to your case.
Identifying Marital Assets and Debts
Together, we create a comprehensive inventory of all marital assets and debts. This includes:
- Real estate
- Bank accounts
- Retirement accounts
- Investments, stocks, and bonds
- Personal property, such as vehicles
Then, we assist in determining the value of marital assets.
Negotiating With the Other Spouse
We develop a negotiation strategy that reflects your goals.
We can also facilitate mediation sessions with your spouse to negotiate a fair settlement without going to court.
Representing in Court
If negotiations fail, we file a motion with the court. We represent you during court hearings, presenting evidence and arguments that support your claims regarding asset division.
Contact us if you’re unable to agree on how to divide marital assets. Our equitable distribution lawyer in Morristown, NJ, can help you divide property fairly to secure your financial future.
In Search of Legal Expertise? We Can Help.
At M. Hart Divorce & Family Law, we help Morris County families find their way forward. With years of experience, we create solutions in line with what matters most to you. Contact us today for a consultation.
Why Choose M. Hart Divorce & Family Law to Resolve Division of Marital Assets Disputes
Michele Hart started our firm because she wanted to help families get through tough times. Unlike other lawyers, we try to resolve problems without fighting, which can hurt everyone involved—especially children.
How we help:
- We give you the tools you need: We provide you with the information and resources you need to reach agreements quickly and save money.
- We guide you every step of the way: We help you stay on track and achieve your goals.
- We're always here for you: We always return your calls and answer your questions quickly.
If there's no option to get you what you deserve without a trial, we'll fight hard to get the best possible outcome for you.
Our founder also has experience handling complex financial matters for big companies, which makes us well-equipped to handle your division of marital assets matters.
You deserve a secure financial future. We can help you divide your assets in a way that's fair and meets your needs.
Discuss your case with our Morris County division of marital assets attorney today.
Contact a Morris County Division of Marital Assets Attorney at M. Hart Divorce & Family Law Today for an Initial Case Review
Don’t let anyone tell you your contributions to the marriage don’t matter. We can assist you in dividing your assets in the way you deserve.
For help from a division of marital assets attorney in Morris County, contact M. Hart Divorce & Family Law online or call 973-292-9090 today.