Is New Jersey a 50 50 state when it comes to divorce?

Is New Jersey a 50 50 state when it comes to divorce?

It is important, in matters of divorce, to understand the difference between “equal” and “equitable.” While some states allow for a strict 50/50 (equal) division of property in a divorce, New Jersey is an equitable division state.

Can one spouse get everything in a divorce?

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When you get divorced, community property is generally divided equally between the spouses, while each spouse gets to keep his or her separate property. Equitable distribution: In all other states, assets and earnings accumulated during marriages are divided equitably (fairly) but not necessarily equally.

What should a woman ask for in divorce?

Keep reading for details about what you should expect to cover in your divorce settlement negotiations, which will likely include: Division of assets (real estate, investments, other property) Division of custody and time sharing of kids. Child support/ alimony.

How long do you have to be married in the state of New Jersey to get alimony?

20 years

Do I pay alimony if I lose my job?

The answer is that it all depends on the circumstances of the unemployment. A court would look at the reasons for the employment change before making the decision of whether or not to vary the child or spousal support amounts. In some situations an applicant may be able to significantly reduce their payment amount.

How is marital standard of living calculated?

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The marital standard of living may also be defined by using the total income for a reasonable period of time less the actual taxes. Simply stated, the divorce court may use the net income of the community for a three to five period.

What are some examples of standard of living?

Standard of LivingClass disparity.Poverty rate.Quality and affordability of housing.Hours of work required to purchase necessities.Gross domestic product (GDP)Affordable access to quality healthcare.Quality and availability of education.Incidence of disease.Weitere Einträge…•