Property Division Attorneys in Bergen County
Offering Experienced Support in Your Family Law Matter
One of the major issues to be decided in a divorce is how the common marital property of the spouses will be divided. What many people don’t consider is that marital debt must also be divided between the spouses in an equitable manner. These issues become even more complex when one or both parties to the divorce have a high net worth. Herbert & Weiss, LLP’s Bergen County property division lawyers help clients make sure they are treated fairly in the property distribution process during their divorce.
If you are looking for someone to help you navigate this challenging moment, Herbert & Weiss, LLP has everything you need. Contact us today to begin.
Property Division in New Jersey
New Jersey follows a rule of Equitable Distribution, which gives the judge the authority and discretion to divide the property in any way the court deems is fair. To avoid being taken advantage of and ensure a fair distribution, it is crucial that every piece of property be properly identified as separate or marital property and valued accurately. There are many legal means available for locating assets and different ways to valuate property; selecting the proper means or arguing for a particular method to be used can make all the difference. The attorneys at Herbert & Weiss, LLP are experienced in dealing with a wide variety of real and personal property. We dedicate our experience and expertise toward representing our clients fully and fairly and making sure they are well-represented in the property settlement.
Debt Division During a Divorce
During divorce proceedings, couples not only have to divide up their assets, but they also must divide their debts. There are various types of debt that must be divided during divorce proceedings.
Types of debt include:
- Student Loans
- Credit Cards
- Vehicles, boats, and other recreational items
If the debt was incurred during the course of the marriage, more likely than not the debt will be divided between the parties. There are, however, situations in which the court may order that the debt be repaid only by one party. How the marital debt is handled is in some cases as important or more than how the property is divided. Make sure you and your attorney have a complete picture of the family finances before important issues are settled.
High Net Worth Divorces
Where one or both parties to the divorce have a high net worth, the issues of property and debt division often become quite complicated. The attorneys at Herbert & Weiss, LLP are well-versed in the unique issues posed by property division in high-net worth divorces, including the division of pensions and stock option plans, restricted stock units, qualified domestic relations orders, business valuations, households with multiple properties, tracing and locating offshore or hidden assets, and more.
Experienced Legal Representation
If you are considering a divorce, make sure that taxes are properly filed and get copies of tax returns, pay stubs, bank statements, and other financial documents so that you and your lawyer will have a complete understanding of the family finances going into the divorce process.
For advice and assistance and effective representation in your divorce, contact a marital property division attorney in Bergen County by calling (201) 500-2151 for an initial phone consultation.
I recently had the pleasure of working with Helene Herbert, a highly skilled and knowledgeable lawyer. She was instrumental in drafting a prenuptial agreement for me prior to my marriage. Throughout the entire process, Mrs. Herbert, displayed a high level- Anonymous
In times where all hope was lost and fear was all-encompassing, you have unconditionally paved the way with an angelic light, open heart and indomitable courage!! You are eternally in my heart and revered by me in so many ways!!- L.Z.
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After having hired two other firms to represent me in my highly contentious divorce, I felt dejected and financially drained without an end in sight. Out of desperation to protect my children, I sought out another firm to represent me and was referred to H- K.M.
Helayne Weiss represented me in my divorce proceedings, and throughout, both her legal advice and personal relationship with me was nothing short of outstanding. My goal was that of a speedy resolution to the divorce and Helayne made it happen.- E.K.
I met Helayne Weiss and Helene Herbert when I was at the lowest part of my life and figured there was no one who could help me with my legal issues pertaining to my divorce.- P.P.
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