Guiding Clients Through Alimony And Property Division Matters

Financial circumstances in and following divorce can change significantly. Marital property, which is subject to equitable distribution, includes property that was acquired after the date of marriage until the date of the filing of the complaint for divorce. Marital property may include the following:

  • Pensions
  • Real estate holdings
  • Business assets
  • Savings and bank accounts
  • Trusts
  • Other investments and property

In New Jersey, marital property is jointly owned and divided equitably. Each spouse will receive roughly half of marital assets or the appraised value of assets.

Navigating The Complexities Of Alimony Payments

Among other things, divorce cases will be concerned with providing for your future and for your children in the most effective way possible. Marital assets will usually be distributed equally. Child support will also reflect the amount of alimony (if any) that will be awarded, since alimony is income to the receiving spouse. Since child support is based on each parent's income, it is necessary to know what the alimony payments (if any) will be.

Alimony is not awarded in short-term marriages. What constitutes a long-term marriage may be subject to negotiations, mediation or a court proceeding. Alimony is negotiable, but child support is not.

At the Law Offices of Jonathan D. Gordon, Esq., LLC, we protect your rights to marital assets. We work to get you the best possible outcome under the circumstances to ensure that alimony (spousal support) is fair and reasonable. We will attempt to achieve resolution through cooperative mediation or negotiation first.

To discuss your specific case, please call our offices in Teaneck, or contact us online for other consultation service options. Call 201-546-5772 or toll free 866-930-2360 to speak with a lawyer today.

Paramus Property Division Attorneys

Several factors help us determine the equitable distribution of property belonging to a marital estate. You can be sure that our law firm will perform due diligence appraising the value of all assets. In a collaborative process between spouses, it also makes sense to take into account emotional ties and practical uses of property such as family heirlooms and the home.

The court will not want to have to divide your dishes and silverware. It is better if you can come to an agreement and keep it out of court if possible.

Division of marital property is a complicated process, and at times, forensic accountants and appraisers might be necessary to accurately evaluate and account for all assets.

When there are no disputes over children or children's issues have been resolved, people often turn to property. Negotiations and mediation are advantageous, but some cases call for litigation. We are prepared to vigorously advocate for and defend your case in any situation.

Bergen County Alimony Attorneys

Alimony is not determined by a formula, as child support is. It is calculated in cases where alimony is appropriate such as in a long-term marriage. What constitutes "long-term marriage" can be negotiated or determined by the court, but it is usually 10 years or more.

In a medium-length marriage, one outcome can be a limited duration alimony pay out, depending on the circumstances. Several factors are generally used to determine alimony payments, including:

  • Income
  • Work history
  • Education
  • Contributions by one spouse to the other's education
  • Contributions to the home and to children
  • Employability
  • Earning capacity
  • Special needs
  • Assets

We also assist people with prenuptial agreements, ensuring they hold up in court, if needed later on.

Contact The Law Offices Of Jonathan D. Gordon, Esq., LLC

Call our Teaneck alimony lawyer at 201-546-5772 or toll free at 866-930-2360, or contact us online to schedule a consultation. We provide several consultation service options.