Divorce and Family Law -- Equitable Distrabution
All assets and debts of the parties, including counsel fees, will be equitably distributed in a divorce case. There are multiple factors to consider, but they may include the time of acquisition of the asset, the length of the marriage, or the contribution by each party to that asset or the marital estate. Assets such as houses, cars, pensions or other forms of savings and investments, and businesses can be valued through the use of market analyses, certified real estate appraisers, vehicle valuation websites, actuaries, and forensic accountants. Pensions which are not yet in pay status may be distributed by various methods, including the preparation of a qualified Domestic Relations Orders (QDRO). Inheritance and segregated assets purchased by a party prior to a marriage may be exempt from equitable distribution.