Are you going through the divorce process and have questions? Don’t wait; start your divorce claim before it’s too late! Call our lawyer now.
The Divorce Discovery Phase
- Discovery is the process by which the two parties exchange information.
- The amount of information is determined by the litigants and their attorneys and may include financial information each party is looking for.
- The discovery process enables both parties to obtain financial records and other information they need from each other in order to resolve the case.
Finding Your Spouse’s Hidden Assets
- When one spouse believes the other is hiding assets, it can lead to a very difficult conversation.
- One spouse may own a small, closely held business and it is unclear exactly what is included in the marital estate and subject to division and what belongs to the business.
- Although it is important to discuss these fact-sensitive issues with an attorney, it may be necessary to engage financial experts to examine the business and bank accounts.
- New Jersey is not a community property state. New Jersey is an equitable distribution state.
- Several statutory factors impact the division of marital assets during the divorce as well as the identification of what assets and liabilities are considered marital.
Assets that are Subject to Equitable Distribution
- The State of New Jersey is not a community property state, instead, equitable distribution is the basis for dividing marital assets.
- Generally, assets that were accumulated from the day you married until the day one of the parties filed for divorce are subject to equitable distribution.
Are you or a loved one going through the divorce process and have questions? Don’t wait; start your divorce claim before it’s too late! Contact our experienced New Jersey Divorce Lawyer Tanya L. Freeman to schedule your free legal consultation and case evaluation to get started on your case.
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