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How Can I Protect My Assets and Investments During a Divorce in NJ?

August 20, 2021
A divorce, even an amicable split, can be an emotionally challenging experience. No one enters into a marriage expecting it to end in a divorce. However, when it happens, it may become spiteful, combative, and aggressive. Other people may want the process to end quickly. For instance, in New Jersey, when a couple gets divorced, one of the main concerns is the settlement and equitable distribution of property.

In the heat of the emotional turmoil during the process, you may fail to make a logical decision when splitting property and end up losing your assets and investments. Regardless of the divorce cause, you need to protect your assets during the process — and turning to a divorce lawyer in Burlington County or Gloucester County, NJ, is critical in doing so.

Protecting Your Assets During a Divorce in NJ
Divorce cases in NJ take an equitable distribution approach. To protect your assets, you should consider the implications of the process and understand what assets fall in the category of premarital and marital in order to make the right decision.

Here are things you can do to protect yourself:

Get an Experienced Attorney
Don't work alone during a divorce proceeding. You need an experienced attorney to guide you relative to the legal provisions available to protect your assets. With an experienced divorce attorney, many couples end up negotiating solutions outside court. It protects you from unfair and unexpected outcomes.

Have an Accurate Value of Your Non-Marital Assets
Make sure you have comprehensive and accurate records of your assets before marriage. An experienced attorney will work with these records for your interest in the settlement.

Prepare Before Filing for Divorce
During a divorce in NJ, everything acquired in the marriage is generally considered divisible. However, this doesn't mean equal sharing. Take reasonable measures to protect your assets by gathering all the key evidence. This is used to support any claims you make in court regarding an asset.

Get Copies of Financial Documents
NJ considers assets acquired during marriage as part of the marital estate. Getting the correct copies can help you prove they are non-marital. You can also show that an asset is part of an inheritance or a gift to you only, not your spouse.

Ask for Financial Documents You Cannot Get From Your Spouse
Demanding these documents helps you understand any debts or claims that may directly or indirectly affect your asset. If you encounter any difficulties getting the records, your attorney can use subpoenas to help you. The documents will also let you know your assets and liabilities as a couple and individually.

Many issues may arise during the divorce process, but with the experienced attorneys at Berg & Pearson PC, we ensure you are well represented and protected throughout the process. For more information about our practice areas, including child custody and support law in NJ, reach out to our team today.

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