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The law in New Jersey concerning the division of assets in a divorce cases follows what is known as Equitable Distribution. So in New Jersey, 50%/50% is not automatic as it maybe in a community property state. Some of the key concepts enacted by New Jersey came from The Uniform Marriage and Divorce Act. The two major cases in New Jersey that set out key factors for dividing assets in the Garden State are: Painter v. Painter and Chalmers v. Chalmers. These cases set out criteria such as:
It can be very hard for some people to grasp the concept that while one person went to work day and night to achieve a better life, that the non-working parent or partner is entitled to certain finances but the reality is that marriage is a partnership. You win together and you lose together. Divorce can be hard on a person emotionally, financially but with a caring advocate, we can help you navigate through the often time difficult divorce waters. You can visit our website for more information: topjerseycitydivorcelawyers.com or call us on 201-706-7910.