What are the Laws in New Jersey about How Marital Property Will be Distributed After Divorce?
A New Jersey will make an equitable distribution of property considering: (1) the duration of the marriage; (b) the age, physical and emotional health of the parites; (c) the income and property brought to the marriage by both parties; (d) the standard of living established during marriage; (e) any premarital agreements; (f) the economic circumstaces of both parties; (g) the income and earning capacity of each party: (h) the contribution of each party to the education or earning power of the other; (i) the contribution of each party to the acquisition, dissipation, preservation, depreciation or appreciation of the marital property; (j) tax consequences; (k) present value of the property; (l) the need of a parent with physical custody of a child to occupy the marital residence; (m) the debts and liabilities of the parties; (n) the need for creation of trusts to secure the reasonably forseeable medical or educational needs of a spouse or child; (o) the extent to which a party deferred achieving career goals; and (p) ay other factors deemed relevant by the court. (New Jersey Statutes Title 2A Section 34-23.3)
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Divorce Articles
- New Jersey Divorce Laws – What You Need to Know!
- What Documents and Supporting Information are Required to be Submitted with a Divorce Petition in New Jersey?
- What are the Grounds for Divorce in New Jersey?
- What are the Residency and Filing Requirements for Divorce in New Jersey?