When spouses divorce, they very often enter litigation, which subjects their assets to equitable distribution. Equitable distribution, as you may have guessed, seldom means “equal,” which is why spouses often lawyer up as they enter the divorce process. Though asset distribution is traditionally complicated enough as is, if you have certain complex assets and property, the process becomes all the more confusing. If you are getting a divorce, you must read on and reach out to our experienced Bergen County divorce attorneys to learn more about how we can help you through the process going forward. Here are some of the questions you may have about complex property in New Jersey:
What are some examples of complex property?
On top of fairly standard assets, such as your home, car, yearly income, and more, you may have more complex assets to worry about as well. Some examples of complex property are as follows:
- Separate property improved via marital contributions
- Assets incorporated in prenuptial agreements
- Gifts, trusts, and individual inheritances
- Hidden assets
- Family businesses and partnerships
- Various real estate investments
- Jointly-owned assets, like time-share properties
- Executive compensation packages such as deferred income, stock options, restricted stock, and bonuses
- Retirement funds, pensions, 401k’s, IRA’s and any other long-term investment assets you may have accumulated over the course of your marriage
- Intellectual property like copyrights, patents, and trademarks
- Assets held in trusts
- Unique assets like antiques, collectibles, or jewelry
- Separate property that is now intertwined with marital property
How can our firm help?
Our firm has been helping people settle their property disputes for years, which is why we are a highly-respected firm in the Bergen County area, and throughout all of New Jersey. On top of our extensive legal experience, we can also work with various professionals, such as financial analysts, forensic accountants, certified public accountants, real estate appraisers, and more. We understand how important your property and assets are, which is why we will do whatever it takes to sort out your financial situation and ensure you get your fair share.
Contact our experienced Beren 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. Our experienced divorce and family attorneys are here to help you understand and successfully navigate the various legal issues that may arise moving forward.
To speak with our team of divorce lawyers today in a free and confidential consultation regarding your concerns about moving out of your marital home during your divorce, please contact us online, or through our Hackensack, NJ office at (201) 397-1750.