QUESTION
Who gets a large portion of the martial home?
Asked on Feb 02nd, 2017 on Divorce - New Jersey
More details to this question:
Premarital my wife and I purchased a home for $465,000 in 2007. I put down $121,000 and one year late she put down $190,000. We got married in 2009 after purchasing the home. Both premarital and marital she gave me $500 toward the mortgage. The mortgage ranged from $1400 to $2500 from the time of the purchased to present. We have separate bank account. What should the equitable distribution of the sale of the home be? She claims she should get more, since she put down a larger payment. But, I paid 2/3 of the mortgage. We split the other household bills 50/50. We make equal salaries and have separate bank accounts.
1 ANSWER
Alimony, including Establishment, Modification, Termination, and Enforcement Attorney serving Parsippany, NJ
Partner at
Weinberger Divorce & Family Law Group, LLC
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My name is David Salvaggio. I head a law firm which devotes its entire practice to NJ Divorce and Family Law matters.
There is no clear answer to your question.
In New Jersey, the process of allocating assets in a divorce is called "equitable distribution." The court is required to evaluate 15 different factors which are listed in the New Jersey Equitable Distribution statute.
You really need to meet with a lawyer who has many years of experience and devotes his/her entire practice to NJ Divorce and Family Law matters. You should go over your situation in detail with the attorney, get educated answers to your questions, and obtain expert guidance as to the best course of action. It will be well worth the investment.
Please call my office (973-455-1220) and speak to the firm’s Client Intake Coordinator Dara Vanderhoof. She will be happy to schedule the meeting.
Answered on Feb 03rd, 2017 at 5:35 AM
SALVAGGIO LAW GROUP LLC (877) 355-5281 www.salvaggiolaw.net This answer is not intended to be legal advice. Please consult an attorney.