Navigating a New Jersey divorce can be emotionally challenging and even financially draining. With this duly noted, you must be vigilant to avoid giving away your power during the marital dissolution process. Unnecessarily (even dangerously) relinquishing your power in a New Jersey divorce can have dire and long-lasting consequences. These include everything from agreeing to unfair asset and debt division to losing child custody. There are a number of time-tested tactics you should consider employing to better ensure that you stay empowered and protect your rights during a New Jersey marriage dissolution case.
Understand New Jersey’s Divorce Laws and Recognize What You Don’t Know
Knowledge is your first line of defense in a divorce. For example, New Jersey utilizes what is known as equitable distribution or division standard when it comes to marital assets and debts (and who gets what). Under the equitable division of property standard, assets and debts are divided in a manner that is deemed just and equitable under the facts and circumstances of a particular case. You need to bear in mind that equitable does not mean equally. Courts consider a variety of factors that include:
- The marriage’s duration
- Each spouse’s earning capacity
- Contributions to the marriage
Child custody decisions hinge on another judicial standard used in a New Jersey marriage dissolution case. This is the best interests of the child standard. In basic terms, the best interests of the child standard keeps the focus on the child’s well being above other issues when it comes to matters like custody, parenting time, and support. Continue Reading →