How are the division of debts and assets calculated?
New Jersey Equitable Distribution Attorneys
Just like with alimony and child support calculations, the division of any debts or assets from a marriage are analyzed against various factors. Some of these factors include any prenuptial or post-nuptial agreements involved, income of you and your spouse, education backgrounds, length of absence from the workforce, parental responsibilities, age of both parties, duration of the marriage, and overall health of both parties. Once these mentioned factors, as well as a few others, are determined, then the assets and debts can be distributed amongst you and your spouse. Final determination of the distribution of assets and debts can be reached through arbitration, mediation, negotiation or by the judge if the divorce has reached trial. However, disputes can arise and become a hurdle in your divorce case.
At the Law Offices of Jef Henninger, Esq., our professional New Jersey equitable distribution lawyers will protect your needs and have experience in working through complex distribution cases. Call our law offices any time, even on nights and weekends, at 732-773-2768 to receive a free initial consultation with one of our Union County divorce lawyers.
Posted on March 27, 2013, in Articles and tagged Asset and Debt Distribution, Common Concerns, Divorce Process, equitable distribution, Equitable Distribution in New Jersey, Save money in divorce, Settlement Discussions. Bookmark the permalink. Leave a comment.