Bergen County Property Distribution Attorney
Division of marital and personal property
Property distribution can be a complicated matter for couples to resolve. Many times, a couple has a difference of opinion on how the assets of the marriage should be divided when it is time to split. If a couple cannot come to an agreement outside of court, New Jersey must follow the guidelines of equitable distribution. Every divorce case comes with different factors. Every situation is unique. Equitable distribution is a term that establishes what is fair and just to parties based on many factors of the marriage. Property distribution is rarely a 50/50 split, as some believe. A court will consider many aspects of the marriage before coming to a decision regarding the allocation. If you are facing divorce and the contested issue of property distribution, contact The Radol Law Firm. Your rights are important and you should have legal representation when addressing such a significant and complex problem. If you need our help, contact The Radol Law Firm for a consultation today.
Before a New Jersey divorce can be finalized, the “marital estate” must be divided between the parties. The initial step in this process is full disclosure by both spouses of all assets and debts without concern for whether they are marital property or not. After full disclosure has been accomplished, the next step is determining which assets and debts are marital property. More
Dividing Personal Property- Collections
When an attorney creates a list of assets of the marital estate, collections are considered high-risk items. Collections such as stamps, coins, precious metals, art, ceramics and precious metals have a high number of variables when it comes to valuation. Because of these variables, it is possible for the items of a collection to be extremely valuable. More