Six Things that May Influence Asset Distribution During a Divorce Process
There are a multitude of different things that can affect how many of your possessions you’ll be able to keep after a divorce. In fact, the standard is called “equitable asset distribution.” Equitable means fair, not necessarily half. Therefore, when courts divvy up property, they often will keep these six things in mind.
- How Long You Were Together?
- Each Spouse’s Income
- Each Spouse’s Health and Age
- The Couple’s Standard of Living During the Marriage
- Whether or Not a Spouse Delayed Having a Career in Marriage
- If You Had a Pre-Nuptial Agreement: A pre-nuptial agreement will play into the decisions made by divorce courts in New Jersey, even if the agreement has expired. The agreement gives the judge a better idea of what was each spouse’s assets coming into the marriage, and also gives the judge a better idea of what they would have agreed to in better times. That being said, it doesn’t always go according to the pre-nup.
Dividing up property can be one of the stickiest issues in divorce, and there’s always going to be a need for a smart lawyer when property is at stake. You need a skilled lawyer who will fight for your interests and protect what’s yours. If you or a family member are going through a divorce, contact the law offices of Graziano and Flynn today.