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property division Archives

Get a full view of assets in the property division process

Throughout the course of a marriage most couples in New Jersey will accumulate quite a few assets. Some of the most valuable assets can include the family home, vehicles, retirement accounts and even valuable personal property, such as artwork. When a marriage ends in divorce, these assets can become the focus of the case through the property division process.

Consider all your assets in the property division process

Most people have more assets than they realize. This is especially true for married couples. Throughout the course of a marriage, couples will accumulate real estate, vehicles, retirement accounts and valuable personal property, just to name a few examples. When a marriage turns toward a divorce, couples in New Jersey must consider all of their assets in the property division process of the case.

What can you do to prepare to talk about property division?

As previous posts here have mentioned, there are quite a number of potential issues to prepare to address in a divorce case. But, for many people, besides the issues that deal with their children, the main concern is property division. So, what can you do to be prepared to talk about property division options in your divorce case?

What can you expect in property division with a divorce?

Going through a divorce can be a trying time for any New Jersey resident. There are a litany of issues to address in the divorce process, including child support and child custody in many cases, as well as alimony. But, for many people, the most important part of the process will be property division.

How does one put a value on artwork?

One of the most difficult things to put a precise value on without just selling it is a piece of unique artwork. The fact that fine art is hard to value can present problems during the property division process following a divorce or a bed and board divorce. Incidentally, not being able to get an accurate value on one's art can also present issues for even happily married couples who are trying to manage their finances.

How do you put a value on a small business?

Many New Jersey residents own their own businesses. Sometimes, this is just a small, part-time operation that supplements income from a husband and wife's day jobs. At other times, the business really takes on a life of its own and becomes the means of a couple's support and livelihood. Many small, privately-held businesses in New Jersey give families the ability to live a very comfortable life.

What to do and avoid to create a valid prenuptial agreement

Like most other states, New Jersey allows couples contemplating marriage to enter in to prenuptial agreements. These agreements, which, incidentally, can also be beneficial even to couples that have never been divorced and have no plans to divorce, help with important property division issues and can also be an important tool for estate planning.

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Weinberg, Kaplan & Smith, P.A.
8000 Sagemore Drive, Suite 8202
Marlton, NJ 08053

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Phone: 856-375-1586
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