Division of Assets in Bergen County

When a couple in Bergen County makes the decision to get divorced, one of the matters that must be addressed is how the property they have acquired throughout the course of the marriage will be distributed. Oftentimes, the division of assets is a very contested and complicated matter because the couple can’t agree how they will divide their belongings. Of course, separating a life together is both emotional and can be very complex depending on the length of the marriage and the amount of assets that were acquired during that time.

In Bergen County and throughout New Jersey, marital property is divided through a process that is known as equitable distribution. It is important to note that the equitable distribution process does not require that the courts divide property in a 50/50 split. The court will consider a number of different factors when they divide it such as the length of the marriage, the amount each spouse contributed to the marriage, the income and assets of each party, and more.

It is also important to be aware that any property that has been kept separately during the marriage or was acquired prior to the time that the marriage began will be excluded from the process of division. If you have questions about dividing assets in divorce, contact us today.

Before taking any sort of legal action, it is important to discuss your legal matter with an experienced attorney. Contact The Radol Law Firm to discuss any divorce and family law matters you may be faced with.