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Posts tagged "Division Of Assets"

Most property will be divided between spouses in New Jersey

Relative to other states, New Jersey actually has a fairly broad definition of what constitutes marital property, that is, property which will get divided fairly in the event of an absolute divorce, a divorce from bed and board or in a similar proceeding.

How will property be divided in a New Jersey divorce?

Whether one is married young or old, many things are brought into a marriage. Even if something is not of much value, when most individuals marry, they are combining their property. For the most part, this is workable, as married couples share most of their assets and property. However, when a couple decides to divorce, this could make it difficult to leave with what one brought in and what they seek to walk away with.

How are division of assets handled in a New Jersey divorce?

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.

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