East Brunswick Property Division Attorney
In many divorces, the distribution of assets and debts is one of the most hotly contested issues and one that raises many questions: Who will be responsible for paying our joint debts? Who will get to keep the house? How will our bank accounts be divided? How will pensions and other retirement accounts be distributed?
At Nemergut & Duff, our team of knowledgeable New Jersey lawyers has 60 combined years of legal experience. We can help you understand the New Jersey divorce laws and negotiate a satisfactory property distribution agreement.
If necessary, we can also defend your interests at trial. As a Board Certified Matrimonial Lawyer, partner Howard Duff is well known and respected in all the local courts.
Equitable Distribution of Marital Assets
In New Jersey, divorce-related property division is called the equitable distribution of marital assets. In most cases, all assets and debts accumulated during the course of the marriage are considered joint property and will be divided fairly (though not always equally) between spouses. Joint marital property usually includes:
- Houses
- Cars
- Furnishings and personal property
- Vacation property
- Retirements accounts
- Savings accounts
- Investment assets
- Family-owned businesses
- Tax debt and credit card debt
Pensions, 401(k)s and other retirement funds are distributed by means of a qualified domestic relations order (QDRO). Nemergut & Duff can help you enforce a QDRO after your divorce.
Creative Solutions to Property Distribution
Every divorce is different, and while your divorce may be simple for our lawyers, we are aware that this is your only divorce and the results may impact you for many years or even the rest of your life. Our law firm works to develop individualized solutions to property distribution disputes. We can help you and your spouse explore creative resolutions such as having one party buy out the other's interest in the house or having one party own the home while the other takes the tax credits.
Certain types of property distribution entail potential tax consequences, so we encourage you to also consult your accountant before finalizing an agreement.
Schedule a Free Initial Consultation
Talk to an experienced Woodbridge property distribution attorney about your specific child support or alimony concerns. Arrange a no-cost, confidential consultation by calling our office at 732-734-4965 or toll free at 877-767-0905. We return phone calls the same day.
