New Jersey is an equitable distribution state. What this means is that assets subject to equitable distribution will be divided equitably and fairly, not necessarily 50/50. Assets that were acquired prior to the marriage are considered pre-marital and generally not subject to equitable distribution. Assets that are inherited during the marriage or gifted to one spouse are also considered exempt from equitable distribution, provided these assets have not been commingled with marital property.
How will our marital assets be distributed?
Posted on : August 26, 2024, By: Erlina Perez
