Married couples acquire assets and property for their joint use. If the couple later divorces, the decision must be made as to which spouse gets what property. If the spouses cannot agree on who gets what, a family law court must make the decision for each spouse. Let's briefly review the method that New Jersey courts use to determine who gets what in a divorce.
Courts in the Garden State use the principle of equitable division when they are tasked with dividing a couple's property. This means that they will make the division on the basis of what is fair to each spouse. How do judges decide what is fair to each spouse? Judges will take into consideration a number of factors in making the decision. This means that a division of assets in New Jersey will always be very context-specific.