Property Division in Divorce

Elizabeth, New Jersey, Family Law Attorney

Elizabeth P. Kunkel,  Attorney at Law, is your advocate in the equitable distribution of property. Through negotiation or mediation, we can help you work out a reasonable property settlement. When divorce litigation cannot be avoided, we will fight to secure your fair share of marital assets.

We represent men and women in divorce settlements and court proceedings. Based in Elizabeth, NJ our firm serves clients from throughout Union County, Hudson County, Essex County, Passaic County and surrounding counties of New Jersey. Contact to arrange a free initial consultation to discuss property division and other issues in your divorce.

Proper Valuation of Marital Assets

Protecting your financial interests in divorce begins with accurate valuations of the assets and debts you will split. Elizabeth P. Kunkel, Attorney at Law, uses forensic accountants and other resources to identify and value:

• Your residence and other real estate
• Retirement funds: pensions, 401(k), IRA, profit-sharing plans
• Stocks, bonds, and brokerage accounts
• Closely held businesses
• Vehicles, valuables, and personal property
• Jointly held debts

New Jersey Marital Property Law

Divorce laws of New Jersey call for an equitable distribution of marital assets and debts. This does not always mean an equal division of property. Elizabeth Kunkel is skilled and creative in negotiating property settlements. There are many issues that arise during the equitable distribution process, particularly surrounding the real estate. For instance, if one party wants to keep the marital home, Ms. Kunkel can argue for a refinancing to buy out the other spouse's interest, or to offset the home's equity with retirement funds or other assets. (It is important to remove that spouse from the mortgage and the deed to prevent credit issues, a cloud on the title, or future claims by the ex-spouse.)

Two other sticking points in property division in divorce are (a) the characterization of assets as marital property or non-marital property, and (b) the matter of large credit card balances or other liabilities. Ms. Kunkel is adept at properly identifying which assets and debts are jointly held—and at devising ways to split debts or offset them.

For experienced representation in divorce and property division, contact the office today to arrange a free consultation. You can reach us at (908) 400-     or by e-mail at ek@epklaw.com.