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First, have both parties disclosed all of his/her bank accounts? Any bank accounts that were opened during the marriage or funded during the marriage are usually considered marital property and subject to equitable distribution.
There Is No Permanent Alimony in New Jersey (Usually) For example, if the marriage lasted ten years, alimony can usually only last up to ten years. Alimony reform laws did not retroactively apply to awards before the effective date of the new law.
New Jersey is an equitable distribution state, which means marital property is divided fairly, but not necessarily equally. Your house is definitely pre-marital property and would not be subject to traditional equitable distribution rules.
California is a community property state, not an equitable distribution state. This means that any assets or property gained during the course of a marriage belong equally to both spouses and, therefore, the property must be equally divided between the two spouse by the court in a divorce.
Statutory Definition of Marital Property Under New Jersey law, marital property includes all property, both real and personal, which was legally and beneficially acquired by either of them during the marriage. This excludes any gifts (unless given to one spouse from the other) or inheritances.
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New Jersey is an equitable distribution state That means New Jersey family courts distribute marital property in a manner that is fair, but not necessarily equal. In other words, the court is under no obligation to split your marital property 50/50; it all comes down to what the court believes is fair.
New Jersey is an equitable distribution state which means that, in the event of a divorce, the marital property is not automatically split 50-50. Rather, equitable distribution is defined as the division of marital assets in a manner that is fair but not necessarily equal.
One must only be able to say, Irreconcilable differences exist that cause the breakdown of marriage for at least 6 months. Irreconcilable differences can be almost anything.
When you get divorced, community property is generally divided equally between the spouses, while each spouse gets to keep his or her separate property. Equitable distribution: In all other states, assets and earnings accumulated during marriages are divided equitably (fairly) but not necessarily equally.
Equitable Distribution in New Jersey. New Jersey is an equitable distribution state. This means that the court must divide any assets, property, and debt accumulated your marriage in a fair manner. However, fair doesnt always mean that each spouse gets an equal share of the marital property.

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