Equitable Distribution, Not Always a 50/50 Split
Equitable distribution is a legal term that encompasses allotting the jointly owned marital assets during a divorce. The equitable distribution strives to provide a “fair” distribution. While it may not feel like the settlement that is achieved by the courts is fair in your eyes, the distribution is the best that it can be given the circumstances. The court system, in and of itself, is not without fault, so knowing ahead of time that there won’t always be a 50/50 split of the assets, is of primary importance.
While equitable distribution may be one of the more frustrating aspects of divorce, trying to get an understanding of the process and expectation of end results.
Do Not Hide Assets
One of the most important things to remember while going through the process of divorce is to not try to hide assets. This includes concealing or transferring marital property in an attempt to prevent it from being included in the proceedings. While it may be tempting, much research is put into making sure that all assets and property are included. Failure to disclose all this information could put you in a bad light within the court system and you could end up with a more disappointing result.
Divorce Mediation May Be a Good Option
If you and your future ex-spouse are on good terms during the divorce and do not hold grudges or want to force punishment to the other party, divorce mediation may be a good option for you. Since you and your spouse are the ones with most invested in the fair or equitable distribution of the assets, you would be able to provide valuable input to your representation and the mediator about the details of your unique situation.
Want To Make Sure You Get A Fair Distribution Of Assets In Your Divorce?
The Law Office of Gary J. Natale, P.C. does everything they can to represent you and your interests well during a divorce. If you are concerned about the equitable distribution of your marital assets, contact them right away for the best representation possible. Call attorney Gary Natale at (973) 324-9711 or contact him online to schedule an appointment today.