Equitable Distribution Lawyer in New Jersey
General Approach to Equitable Distribution
The court generally employs a
- property acquired before the marriage
- property acquired by bequest, devise, descent (i.e., an inheritance) at
anytime, either during or before the marriage
- gifts to one spouse from anyone other than the other spouse.
Marital property, on the other hand, is defined as any property which is not within the definition of separate property and is any property which is acquired by either party during the marriage, regardless of who actually holds title to the asset. For example, real estate, bank accounts, pensions, stocks, automobiles, contract rights, businesses, professional licenses, seats on the stock exchange, and precious metals are all marital property subject to equitable distribution.