The New Jersey law office of A. Schancupp & Associates, L.L.C., provides detailed and skilled representation for every aspect of your divorce action, especially the contentious subject of property division. Our lawyers understand the emotional and financial burdens associated with divorce. We value our role as your legal advocate and we are committed to ensuring you achieve a fair and equitable outcome. Visit our offices conveniently located in Essex County near both Passaic and Morris Counties.
Our legal team is dedicated to obtaining creative resolutions that benefit all parties, including the children. Our northern New Jersey property division lawyers know how to aggressively negotiate to protect our clients' interests in and out of the courtroom.
Identifying and Properly Valuating Marital Assets and Debts
Equitable distribution refers to the distribution of property acquired during marriage. However, not every asset must be divided equally. Rather, the division must be equitable based on each party's contribution as well as what the court deems fair and equitable. The parties can also negotiate for certain marital assets in full by also agreeing to take on certain marital debts.
Some of the assets that are commonly subject to negotiation and division are:
- Marital home
- Personal property
- Stocks and bonds
- Investments and other bank accounts
- Automobiles
- Retirement plans
- Pensions
- 401(k)s
- IRAs
- Business interests
One of the most important considerations when trying to arrive at an equitable distribution property settlement is making sure each marital asset is valued correctly. At A. Schancupp & Associates, L.L.C., we have built a network of highly respected professionals and experts that we routinely call on to create accurate valuations for all types of complex assets, from closely held companies when a family business is at issue to appraisals if the marital home or other real estate holding is going to be bought out by one party.
Passaic County Equitable Distribution Attorneys Aggressively Advocating for You
Additionally, New Jersey statutes recognize the marital relationship as an economic partnership, and considerations in dividing property are based on many of the same factors the court uses when deciding alimony. The court will look at the duration of the marriage, the emotional and physical health of the partners, standard of living created during the marriage, the amount of income each partner brought to the marriage, contributions the spouse made toward the other spouse's personal career or education and maintaining the marital home as residence for the minor child.
Our experienced legal team has the financial acumen to help you come to an equitable resolution through thorough negotiation and a clear presentation to the court that takes all of these factors into account. We can also help you pursue a modification even after your Judgment of Divorce has been finalized if circumstances change or new information becomes available that affects the value of any marital debt or asset.
Arrange a Consultation
We welcome the opportunity to discuss your alimony matter. Please call our full-service Fairfield law firm at 973-559-5978, or for your convenience, you may arrange a consultation by e-mail.
