Diving complex property in a divorce can become complicated. To learn more about this process and how our experienced New Jersey divorce attorney can assist you, continue reading. Give our firm a call today to schedule your initial consultation with our team to discover more about our services and how we can help.
What should I know about complex property division in New Jersey?
When property division is complex in a New Jersey divorce, this often requires precise investigation and knowledge of certain forms of property. Our team at Townsend, Tomaio & Newmark often collaborates with experts to uncover hidden assets that are subject to equitable distribution. Some experts we might collaborate with include the following:
- Certified public accountants
- Forensic accountants
- Financial analysts
- Real estate and property appraisers
- Private investigators
Property attained during a marriage must be divided equitably and fairly. However, this does not always mean that property will be divided equally. Only marital property is subject to equitable distribution. Separate property acquired prior to the marriage will be excluded from this process. In cases of complex property division, this process will frequently involve assets that cannot be adequately understood with a current valuation or divided in half with 50% provided to each side. The following assets may be required to go through further examination and an expert’s opinion:
- Real estate investments
- Gifts, trusts, and individual inheritances
- Closely held or family businesses and partnerships
- Assets included in prenuptial agreements
- Professional practices
- Separate property that has been improved through marital contributions
- Separate property that has been commingled with marital property
- Assets owned with other parties
- Collectibles, antiques, or jewelry
- Executive compensation packages
- This includes stock options, restricted stock, deferred income, and bonuses
- Assets held in trust or those that are subject to tax regulations if prematurely distributed
- Long-term investment assets, retirement funds, pensions, 401k’s, & IRA’s
- Intellectual property including patents, copyrights, and trademarks
- Hidden assets
With the help from the knowledge and experience of our divorce attorneys in collaboration with the contribution of our expert partnerships, we will assist our clients in resolving these issues with confidence. To learn more about our team and how we can assist you with dividing complex property in a divorce, do not hesitate to reach out to our experienced legal team.
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.