New Jersey Property Division Attorney
What to Expect
One of the more challenging aspects of a divorce is the division of property, which includes all assets, such as your home, business ownership and investments, and liabilities, such as debt, taxes and in some cases, pending foreclosure or bankruptcy. From the beginning of your marriage through the end, all property is considered "marital property" until officially divided and re-assigned. New Jersey courts use "equitable distribution" as the ruling concept for dividing property between two parties in a divorce. If left up to the Court's decision, the Court will do so with the intention of being fair while accounting for all relevant circumstances and considerations. What may seem fair to the Court may not be "fair" in your eyes, or even in the eyes of the other party, but that ruling will determine how your property is distributed.
Alternatives exist for making a mutual decision about your property. Speaking with a New Jersey collaborative law attorney from The Law Office of Steven P. Monaghan can give you the information you need to help you resolve this matter without direct intervention from the Court. Mediation and collaborative law professionals seek to establish a workable resolution and satisfying agreement between two parties. Mutual cooperation and controlled negotiation allows for thorough discussions leading to subsequent decisions that are effective and efficient. Unlike traditional divorce proceedings, mediation and collaborative law methods can bring about an agreeable resolution with much less conflict, duress and expense. You and the other party may be required to present your property distribution plan to the Court for final approval, but potential complications and conflicts will have already been handled to your mutual satisfaction, leaving little room for alteration.
Property Division Lawyer in New Jersey
In addition to being certified as a Matrimonial Law Attorney by the Supreme Court of New Jersey, Steve Monaghan is qualified to serve as a Mediator and a Collaborative Law Attorney. Our office utilizes the most appropriate strategy to achieve more positive outcomes for our clients. We understand how painful and complicated divorce proceedings can be. Our goal is to provide you with valuable alternatives, workable solutions and more constructive partings. Successful results can be obtained for you, even during this time of extreme difficulty and emotional hardship.
Contact a New Jersey Property Division Attorney
with The Law Office of Steven P. Monaghan today.
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