New Jersey Division Of Property And Preservation Of Assets
Why a New Jersey Division of Property and Preservation of Assets Family Lawyer May Be Right for Your Divorce:
When we think about separating, or getting a divorce, we often think about our home. It makes sense, after all: the home is the centerpiece of our family’s life. It’s where we snuggle on the couch with our kiddos, after a long day; it’s where we wake in the morning and begin again; it’s
the ritual of getting breakfast ready and getting out the door to school, to work. It’s also where we may truly unwind on the weekends, cooking a meal with— or for— the person we once loved.
There is a sadness in losing the marital home; it’s why, in a different time, children of divorce
were often said to ‘come from a broken home.’ With the right New Jersey Division of Property
and Preservation of Assets Family Lawyer, however, the home, property and assets may be
used to build a new foundation, a new life— one that will center around a new home. Let’s look
at some of the ways this can happen:
Children & Home Economics Considerations
One immediate question clients often have is, will the children stay in the family home? The
answer to this will most likely come down to home economics: which parent makes what
income, who might be willing to buy out the other parent’s interest in the home. After all, real
estate is its own kind of investment. If one parent is in a position for this to happen, it may be
worth considering.
However, many clients are not in this position, and the family home may have to be sold—
through mediation, or Court-ordered— and the proceeds may be split among the divorcing
parties (usually fifty-fifty, though not always). Some of the proceeds may be directed towards a
new home: a rental house, or a condo or apartment, a place where the family can still gather
while the adults figure out their next steps. There’s nothing wrong with this: family, of course, is
about people, not a house.
Other Property Considerations
Other property— a family summer home, the deed to an office building— will also have to be
considered in the event of a divorce. That’s why a New Jersey Division of Property and
Preservation of Assets Family Lawyer may be just the right fit for you: these are the people who
will help both parties come to an equitable solution to the seemingly simple— yet complex—
question of, who gets what?
Let’s examine that last part: Preservation of Assets. Most everyone has assets: savings, 401(k)s,
stocks, a business— assets that we tend not to think about until we must rely on them or divvy
them up. Some divorcing couples may have a prenuptial agreement that guides the process
when it comes to distributing assets, others may not. When we talk about ‘preservation’ we
mean that the right New Jersey Division of Property and Preservation of Assets Family Lawyer will help you hold on to— and fight for— what’s rightfully yours, so that you may make sure
that you and your children are okay in this next chapter of your life.
Legal Assistance is Available
You work hard for what’s yours, and now, so will your lawyer and your legal team. Dismantling
the joint economics of a married couple can be a very difficult process, but at O’Cathain Law
Group, our motto is Move Forward, and ultimately, you’ll do just that. You’ll want to make sure
you move forward, with your children, to the right new home, with the assets in place to help
you comfortably navigate life after divorce. And that’s what the right New Jersey Division of
Property and Preservation of Assets Family Lawyer will do with you.
Thinking of divorce? Worried about your home, your property, your assets— your money? Call
(201) 488-1161, fill out the intake form, or email a dedicated Family Law paralegal to speak with
a New Jersey Divorce Lawyer at Lawyer O’Cathain Law Group.