Property & Asset Division

Basking Ridge Property Division Lawyer

Serving Bedminster County and Somerset County 

Splitting up property, money, and debts can be a difficult challenge when a marriage ends. Divorce is often emotional by its nature, and spouses are rightfully concerned about their financial future. These deeply personal factors are added to what can be a complex process from a legal perspective. It’s not unusual for couples to need either the help of a third-party mediator, or the intervention of a court. Gary Blaustein, Attorney has extensive experience in both of these venues. 

Since 1985, Attorney Blaustein has helped clients get fair outcomes in their divorce settlements, whether through mediation or litigation. When you need a divorce lawyer to represent you, his Basking Ridge office is the place to call. 

Reach out today at (908) 212-9630 or just use the online contact form to request a free consultation.

Marital Property and Separate Property in a New Jersey Divorce

The distinction between marital property and separate property is fundamental to property division in the state of New Jersey. This differentiation plays a key role in how assets are divided.

Marital property, also known as community property, refers to nearly all assets and debts acquired by either spouse during the marriage. This includes wages earned by both individuals, property bought with those earnings, and debts amassed throughout the marriage. 

New Jersey courts aim to distribute marital property equitably-though not necessarily equally- among spouses. 

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Your Family's Ally in the Legal System

Here's What Sets Attorney Gary Blaustein Apart
  • High-Conflict Cases

    Attorney Blaustein excels at navigating the legal system for complicated family matters; your resolution is top priority.

  • Personalized Strategy

    Your strategy is as unique as your case, and Attorney Blaustein will leave no stone unturned in pursuit of what's best for your family.

  • 40 Years of Experience

    With experience across the board in the legal field,  Attorney Blaustein has a long track record of winning for clients like you.

  • Staying A Step Ahead

    As a skilled litigator with decades in the courtroom, Attorney Blaustein is prepared for any direction your case may take.

Factors Considered in Asset Division 

It was noted above that equitable distribution is not the same as equal. The latter is a pure 50/50 split . The former-which is what is mandated by New Jersey law-simply requires that the property division be fair. This is considerably more subjective, calls for considering a range of factors, and-if the case goes to trial-is left to the discretion of a judge. A Basking Ridge divorce lawyer with a demonstrated track record in trial law can be particularly valuable to a client who needs a persuasive case made on their behalf. 

What follows is a list of some of the factors judges will weigh in deciding what is equitable: 

  • Marriage duration:  Longer marriages may see a more intertwined financial relationship between spouses.
  • Age and health of the spouses: This can affect one’s ability to generate income or need for support.
  • Any prior agreements: This includes prenuptial agreements, which can dictate the distribution of assets.
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The Champion Your Family Deserves

Over 40 Years of Fighting for Families

Schedule a consultation with Attorney Gary Blaustein today.

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Attorney Gary Blaustein Meet Your Advocate
Read more about Attorney Gary Blaustein's established history of representing family law clients.