Equitable distribution addresses the assets and liabilities that exist in a marriage.
Equitable distribution addresses what assets and debts accumulated between the date of the marriage to the date the complaint for divorce was filed. Anything that’s acquired between those two dates is in the pot for equitable distribution.
We predominantly start off with a 50/50 split on both assets and in liabilities and adjust for many reasons.
NJ describes equitable distribution as a fair and just spit of assets and debts according to financial factors related to the marriage.
It might start as a 50/50 split, but rarely ends that way.
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