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Equitable Distribution of Assets and Debts

In New Jersey, unlike some states, assets are distributed pursuant to an equitable distribution statute, as New Jersey is not a “community property” state. The distribution of property is governed by certain factors clarified over the years by an ever-growing body of case law. Assets that are legally acquired during the marriage are subject to equitable distribution. All assets must be divided at the time of the divorce. Along with the assets, however, comes the debt. As a general rule, each spouse is entitled to 50% of the assets and allocated 50% of the debt that was accumulated during the marriage. Additionally, if one spouse has accumulated a 401k, pension, or other form of a retirement account, the other spouse is entitled to 50% of the marital portion of same.

There are exceptions however, and we are here to help you determine what is considered a marital asset subject to equitable distribution and what is not. Real estate purchased prior to the marriage generally is not considered a marital asset subject to equitable distribution, but if the marriage is long and the mortgage is paid off during the marriage, it can be.

The marital home is often a contentious subject of divorce litigation. It generally doesn’t make sense for most families to continue to live together after a divorce. If there is a marital home that has equity, generally if the parties agree for one spouse to remain in the home, they have to either buy out the other spouse, or negotiate a fair resolution such as an alimony waiver. In situations where neither party can do this, or where neither party can agree who is to remain in the home, the marital home is often sold with each party keeping 50% of the equity. At Garces, Grabler, and LeBrocq, our attorneys are here to negotiate for you in this very important life decision.

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Extraordinary, very satisfied
, Oct 11, 2016
Great people they do help thank you for everything you've done
, Jul 18, 2017
Very professional and know what they're doing which is hard to find nowadays. Arlindo Araujo was very clear, precise, and on point!!!
, Jul 20, 2016
Estoy feliz por el trabajo que hisieron, gracias por todo.
, Oct 5, 2017
Estuvo bien gracias muchas gracias
, Jul 12, 2017
Very professional I'm very happy with their service.
, Aug 29, 2017
I would like to say thank you to ALL at Garces, Grabler, & Lebrocq. I believe all work with great integrity. The patience and effectiveness really shows in my life. From car accident to divorce. Purchasing home. Even with help making my dreams come true and starting my own business. I appreciate ALL. Definitely know I will always be in good hands. Thanks!!!
, Oct 20, 2017
He helped me fight a battle that I put off for years. Thank you so much for your services.
, Aug 31, 2016
Buenos profesionales, excelente trabajo....
, Jul 10, 2017
Excelente
, May 23, 2016
Very helpful in getting speeding ticket points reduced.
, Jun 15, 2016
I was represented by Mr.Araujo from this firm in a disciplinary job hearing. Mr. Araujo was very professional and prepare my case very well and I was able to return to my job a few days after the hearing.
, Oct 5, 2017
100% satisfaction, very good. I like to recommend.
, Jun 16, 2016
I would like to say thank you for all your help you've giving me.
, May 24, 2016
The Lawyers were very friendly and knowledgeable. If I need a lawyer in the future, they would my go to attorneys.
, Jun 13, 2016
Best of the best. Thanks you
, Aug 7, 2017
Thanks for everything my life change Good bless thanks
, Jul 21, 2016
I was happy with your service and professionalism with handling my case. I was treated with respect and always told the truth and not half of a story or what I wanted to hear. My team was awesome thank you
, Jul 14, 2017
The BEST I WILL RECOMMEND
, Aug 3, 2016
Thank you Mr. Lawrence LeBrocq, I have no words for the amount of appreciation I have for what you've just done.
, May 9, 2017
A well-prepared staff who handled everything we asked. Made us feel welcome and handled everything professionally.
, Jun 13, 2016
Excellent service would recommend to others
, Feb 7, 2017
I HAVE BEEN A CLIENT FOR A YEAR NOW(JUNE 2016)AND THE FIRM HAS BEEN DIRECT AND HANDS ON WITH ME ON EVERY ASPECT.
, Jul 6, 2017
Robert White III, Esq. was professional and efficient in every step of the process. From dealing with my Worker's Comp insurance to making sure I got the best care with a skilled neurosurgeon and making sure my case was handled fairly by a judge and the court system. I would definitely recommend Garces, Grabler and LeBrocq for anyone who was in need of representation for such matters.
, Mar 28, 2017
Son buenos los mejores abogados buen equipo en general
, Jul 7, 2017
I was very impressed with the professionalism and quick turn-around time from all the participants from GGL that assisted me. I would like to especially thank my attorney Jonathan Kessous. His credentials are very notable he is one of four attorneys throughout the entire state of NJ certified by the NJ Supreme Court as a Trial Specialist in both Criminal and Municipal Court Law matters. My case was very serious and could have resulted in jail time or suspension of my license. Jonathan was able to resolve my case very favorably. I am extremely thankful for his assistance. I would also like to recognize and thank his Paralegal Jasmin Caba and his Personal Assistant Marianne Crisitello for their assistance in communicating and preparing me for my trial. They are a great team and I would highly recommend them.
, Feb 27, 2017
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, May 16, 2016
very satisfied with the outcome. You did a very good job
, Dec 26, 2016
They were very effective in getting my ticket and fines knocked down to lesser offence. I appreciate all their help.
, Jul 15, 2017
Great practice they always get the job done for a reasonable price.
, Feb 3, 2017