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Property Division on Divorce and Separation
The division of property and assets during a divorce can be a difficult but vital aspect of
any divorce proceeding. Numerous factors and considerations must be taken into account
when a distribution of property takes place. The manner in which property is divided in
New Jersey must be equitable, which means that asset distribution should be fair though
not necessarily equal. Foremost, it is necessary to distinguish between what is "marital
property" and what is "non-marital property". Generally, marital property consists of
assets (or debts) which are acquired after the date of the marriage and, therefore, belong
to both spouses, whereas "non marital property" consists of assets (or debts) which were
acquired before the date of the marriage and, as such, belong to one spouse alone. As
marital property belongs to both spouses, an equitable distribution must be made at the
time of divorce.
The Law Office of Sterling Rauf, Esquire is highly experienced over the past 32 years,
in asset division involving complex financial analysis and evaluation of businesses and
investments such as mutual funds, stock options, pension plans, retirement accounts and
annuities. In working to achieve an equitable distribution of assets, we focus on fully
meeting the needs of our clients, both present and future.
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