What Is A Wife Entitled To In A Divorce in NJ?
What is a wife entitled to in divorce in NJ? It’s a question we get often, and the answer is always frustrating: “it depends.”
Women file for divorce 80 percent of the time, so it seems to be worth it, right? But women can have a more challenging time recovering financially from a divorce.
That’s why your attorney must understand the odds. They must fight to get you the best NJ divorce settlement possible. In the following article, we’ll look at what you can expect regarding housing, alimony, and asset determinations.
Divorce in NJ: Who Gets the House?
Generally, a wife is entitled to an equitable distribution of the marital assets and liabilities.
This means that the wife will receive a fair share of the property acquired during the marriage, regardless of who earned or owns it. In some cases, this may include the family home.
Family homes are essential assets for a couple of reasons. First, they are typically the most valuable asset that a couple owns.
Second, they usually have sentimental value and may be where the couple raised their children.
So, what happens to the family home in a divorce? The answer depends on the following factors:
- The length of the marriage
- The value of the property
- The ability of each spouse to pay for the property
- The needs of the children
If the couple has only been married for a short time, the court may decide that it is best for the property to be sold and the proceeds to be split evenly between the spouses. That’s at least what to expect if you can’t work out an agreement to the contrary.
NJ Divorce Assets and Alimony Determinations
A wife may also be entitled to alimony from her husband, even if infidelity was involved. Alimony is financial support from one spouse to another and can be awarded for various reasons.
These can include income disparity or the need for support after a long-term marriage. The amount and duration of alimony payments will vary based on each case.
In addition, a wife may be entitled to certain benefits from her husband’s retirement account. These benefits can include survivor’s annuities, death benefits, and cash distributions.
Understanding how these benefits work before getting a New Jersey divorce is crucial, as they can significantly impact your financial future.
So, What Is a Wife Entitled to in a Divorce in NJ?
Answering the question, “what is a wife entitled to in a divorce in NJ?” isn’t easy without knowing your specific situation. However, the attorneys at Dalena & Bosch are skilled negotiators and litigators with many years of experience fighting for the clients they represent.
If you are considering divorce in New Jersey, you must speak with one of our attorneys. The expert and professional divorce lawyer team can guide you through the NJ divorce process and help you get what you deserve. Contact Dalena & Bosch today to better understand what will happen with your case and to get the best outcome.