Division of Property and Assets
The division of assets or equitable distribution are often focal points in a divorce settlement or litigated matter. These are crucial issues whether the parties have little property or are involved in high net income divorces. Sam's clients have the benefit of his substantial financial background, as well as trained negotiation skills.
Dividing property in a divorce is more complex than it may seem on first review. First, careful study and research is necessary to be sure that all property is accounted for and inventoried. Next, the property needs to be categorized as either marital or non-marital. Finally, the property must be valued and then divided.
New Jersey divorce law provides a number of criteria for people and courts to consider before determining what division of property is equitable. It should be noted that dividing property does not necessarily mean an equal division. Again, because of his extensive background in accounting and finance, Sam is equipped to handle complex financial issues and to find, categorize, value and achieve satisfactory divisions of the property for his clients.
Assets Subject to Equitable Distribution
In determining assets subject to equitable distribution, Sam works with his clients and solicits expert opinion as appropriate. This may include forensic accountants or business valuation experts, as well those with expertise in real property or personal property appraisals. Some of the items that may fall under the category of division of assets include:
- Real property, including the marital home and other properties
- Bank Accounts
- Retirement plans, including pensions, deferred compensation 401K plans, etc.
- Business interests, including professional practices, construction companies, etc.
- Assets that have been transferred overseas or other foreign countries
- Hidden Assets
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- Finding Hidden Assets After Divorce
- What Happens to the Family Pets In a New Jersey Divorce Proceeding?