How does New Jersey handle division of property in a divorce?
You and your spouse are encouraged to come up with a settlement on your own and present it to the court. If you do, the judge generally accepts this as a property settlement agreement. That agreement includes property, alimony, child support , holidays, summer vacations, debt and more. If you can’t agree, the court will divide your property for you. The court will evaluate your marital property, which includes any property you acquired after you were married. It will exclude your non-marital property, which is: • Property that you acquired before you were married. • Property that you acquired by gift or inheritance. • Income from your non-marital property. Your property will be divided in a way the court decides is most equitable, or fair. To determine that, the court takes into account: • How long you were married. • You and your spouse’s ages and physical and emotional health. • Any income or property you brought to your marriage. • The standard of living you established during your
