It is no secret that divorce is expensive. The average New Jersey divorce costs $15,600, according to a recent news article. However, there are many factors that could drive that cost up, including the division of marital property.
New Jersey uses an equitable distribution system for dividing marital property. This means that almost all assets acquired by either or both spouses during the marriage will be divided based on several factors, including the duration of the marriage, the couple’s standard of living and the earning capacity of each spouse.