Before you can begin the process of dividing your marital property in a divorce, you will need to create valuations for each asset. The process of valuing an asset can be complex, especially if your property includes difficult items such as stocks or heirlooms....
COMBINING COMPASSION WITH PRACTICALITY
DIVORCE – Property Division
What are ways to receive money using a QDRO?
If your marriage has lasted a while, your spouse has probably accumulated money in one or more retirement accounts. So during your divorce, dividing up the accounts using a qualified domestic relations order could be one of your priorities. A QDRO is a court order...
Does it make sense to sell your home before or after a divorce?
While some people in New Jersey want to stay in their homes following a divorce, many others want a fresh start somewhere else. If you include yourself in the latter category, you may be wondering whether it makes more sense to sell your home before or after you...
What are some downsides to keeping a marital home?
Some divorcing couples decide to sell off their marital house. However, your spouse may be fine with letting you have the home in exchange for other assets or a buyout. Still, holding on to a marital home might prove to be more difficult than you anticipated. As the...
Understanding the case information statement in a divorce
When you or your spouse initiates a New Jersey divorce, you must furnish something called a Case Information Statement within 35 days of doing so. The Case Information Statement is an important document that outlines your income, assets, expenses, lifestyle and...
What is equitable distribution?
Property division within the United States occurs under two systems. States decide whether they will use community property rules or equitable distribution. New Jersey uses equitable distribution. The concept relies on a fair division of property, which is an often...