Equitable Distribution of Property | Piscataway Divorce
Property Acquired During Marriage
It’s a common misconception that a property is titled only to you, that it’s yours. When you’re married in the state of New Jersey, any property that is acquired during the marriage, whether it’s held jointly or just in one party’s name, it’s still subject to equitable distribution. That applies to a car, a house, a business, bank accounts.
Exceptions
There are certain exceptions: if you purchased a property with premarital funds, and did not commingled them with marital funds, or use the property to benefit the marriage, then the property could be considered separate. That requires a careful analysis of the acquisition of the property from the beginning, and an analysis of how the property was treated throughout the marriage. However, the takeaway here is don’t assume that just because you hold title to the property, that it’s safe from your spouse. If you want us to evaluate your particular circumstances, contact us.