IN REGARDS TO THE FOLLOWING POST:

The focus of this source discussing how marital assets and debts are divided during a divorce. In New Jersey, the couple going through divorce proceedings have the option to either work through the division of assets themselves, may go through a mediation to divide the assets, or may have to involve the decision of the court if a decision cannot be made. The source goes on to explain how New Jersey is an equitable distribution state, meaning that the division of assets must be divided in a wat that is fair or equitable but not always equal. Some factors which may contribute to equitability and influencing property distribution are length of marriage, each spouse's contribution to the marital estate, each spouses earning capacity, child custody, and spousal support, among other things. The most important factor when dividing property is whether the property was part of the marital estate or separate. Assets, or debts, which were acquired by one spouse before marriage or after divorce proceedings began are considered to only be of possession by one spouse.

WHAT ARE YOUR THOUGHTS ON THIS SUMMARY AND HOW DOES IT RELATE TO FAMILY LAW?