New jersey is an equitable division state meaning that property is divided fairly in a divorce though not necessarily on an even 50 50 basis the first step in a division of assets is determining what is marital property and what is not only marital assets are considered in a division of assets. A guide to property division in divorce in new jersey provides a practical and easy to understand overview of what can otherwise seem like a complicated topic dividing property and debts accrued over the course of your marriage by using real life examples to highlight what happens to assets and debts in a divorce readers will. A new jersey property division order is a court order issued by a court order issued by a judge describing how property is to be divided between spouses following a divorce a property division order is a binding legal obligation and failure to comply with the terms in full by either spouse can result in being charged with contempt of court . If youre getting a divorce in new jersey you will most likely be facing property division issues and potentially matters of alimony and child custody here are some facts regarding all three of these big stressful issues how a judge divides up marital property laws in new jersey basically state that all property is marital property when . New jersey uses the concept of equitable distribution to divide property in a divorce which means that fundamental fairness under the circumstances of each case forms the basis of property division by contrast in community property states courts attempt to divide property as near to a 50 50 split as possible
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