Cherry Hill Property Division Attorney

Divorce Lawyer for Property Division in Cherry Hill, New Jersey

Property division, the dividing of assets, real estate, debts, and liabilities in a divorce settlement can be an area of conflict and stress for the parties involved, especially in cases where there is a complex or substantial history of assets, property, and / or financial obligations. If you need legal help resolving the difficult issue of property division in your divorce agreement, it is important to seek highly-qualified and skilled help from a reliable divorce attorney. It is strongly urged that you contact the Cherry Hill property division lawyer at the Law Offices of Tejal V. Patel to schedule a free consultation in which you may discuss your concerns and needs directly with her. 

Property Division in New Jersey

Property division in divorce cases in New Jersey falls under the rule of equitable distribution. This means that when couples divorce the marital property is not automatically divided in a 50-50 split. Instead, marital property division is accomplished in an approach that is fair but not necessarily equal. Marital property is any property or asset acquired by either or both spouses from the date they were married until the divorce filing. Such property can include the family home, other real property, bank accounts, a business, vehicles, pensions, stocks and bonds, art, jewelry, bonuses, and other funds.

Courts will value marital property to establish its worth for property division. This may require the use of appraisers, accountants, or other financial experts. When deciding how to divide marital property, the courts will take into consideration many factors, including the length of the marriage, the ages and health of the parties, the income or property brought to the marriage by each party, the standard of living established during the marriage, any earlier written agreements about property division made between the parties, the financial circumstances of the parties at the time of property division, tax consequences, debts and liabilities, and other factors.

Property division may be decided outside of court by the parties in divorce mediation or collaborative divorce. Cherry Hill property division attorney Tejal V. Patel provides skilled and adept assistance in these divorce settlement methods. Contact her about finding out how she can help you resolve your property division issues in a productive and sane manner through her alternative services.