If you are currently going through the divorce process, you have a lot to consider, especially if you and your former spouse cannot agree on the terms of your divorce. In many cases, when spouses cannot agree on divorce terms, their divorce will often enter the litigation process, wherein the terms of their divorce will ultimately be decided by a judge. One of the most hotly-contested aspects of divorce is the equitable distribution process, wherein the courts will essentially determine which spouse gets which assets. Unfortunately, equitable generally does not mean a 50/50 split of assets, which is why the process can become quite complicated. That being said, the equitable distribution process can become all the more complicated if you and your spouse own complex assets. Please continue reading and reach out to our New Jersey divorce attorneys to learn more about complex assets, divorce, and how our firm can work to protect what is rightfully yours. Here are some of the questions you may have:
What are complex assets in a divorce?
There are a wide array of complex assets that you and your spouse may own, in conjunction with additional more standard assets, such as cars, homes, and yearly income. Some examples of complex property are as follows
- Separate property that one spouse contributed to/improved over the course of a marriage
- Gifts, trusts, and individual inheritances (in most cases these are considered separate assets, but there are exceptions)
- Hidden assets (hiding assets is both wrong and illegal, and if your spouse is hiding assets, outside parties may be involved to determine what those assets are and how they may be divided)
- Jointly-owned, or even solely-owned businesses
- Real estate investments
- Time-share properties
- Stock options and restricted stock
- Retirement funds, 401k’s, pensions, and more
- Intellectual property
- Collectables, jewelry, and other unique assets
Why hire our Bergen County divorce attorneys?
Our firm has significant experience handling a wide array of complex property issues. If you are entering the litigation process, then we have the knowledge and resources (third-parties such as forensic accountants, CPAs, and more) to fight for what is rightfully yours. Additionally, if you have various complex assets and you instead choose the route of mediation, our firm consists of various New Jersey divorce mediators who can help you reach a civil, common sense divorce agreement that will work for both you and your spouse. For any additional questions, give us a call today.
Contact our experienced Bergen County firm
At Townsend, Tomaio & Newmark, our attorneys have extensive experience helping clients to understand and protect their legal rights before, during, and after the divorce process in towns across New Jersey and Bergen County, including Hackensack, Ridgewood, Paramus, Teaneck, and Fort Lee. To speak with our team of divorce lawyers today in a free and confidential consultation regarding your concerns about your divorce, please contact us online, or through our Hackensack, NJ office at (201) 397-1750.