You and your spouse have made the difficult decision to get a divorce. You understand the process ahead will be grueling and emotionally exhausting, but you know you are acting in the best interests of yourselves and your family. Considering you have to split up two lives that have been intertwined for decades, you will need to reach a divorce settlement agreement to unwind all of this. For more information on how you can reach a divorce settlement agreement, please read on, then contact an experienced Hackensack, New Jersey divorce lawyer today.
What is a divorce settlement agreement in New Jersey?
A divorce settlement agreement is a legal document that details the terms of a couple’s divorce.
Is New Jersey a community property or equitable distribution state?
New Jersey is an equitable distribution state, which means courts will distribute a couple’s assets “equitably” in a divorce. Equitable distribution is NOT a 50/50 split, however. It simply means courts distribute assets in a manner they consider fair and just to both parties.
What kinds of things can you decide on in a divorce settlement agreement in New Jersey?
Aside from dividing marital property, a divorce settlement agreement will also allow you and your spouse to work out child custody, child support and alimony. Keep in mind that a judge will have to approve your divorce settlement agreement. No one likes to pay child support or alimony or give up time with their children, but your wants will not factor into the judge’s decision. If you have children, their best interests will always come first.
If you would like to learn more about the divorce process or how settlement agreements are reached, simply give us a call today.
Contact Our Experienced Bergen County Firm
If you are facing any family law matter, contact HD Family Law today to schedule your initial consultation.