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Despite the impact of COVID-19, we are open and continuing to meet the needs of our existing clients and new clients without interruption or change in the quality of our services. Please do not hesitate to contact us with any concerns, questions or requests for information about your matter. At this time we are offering appointments via telephonic and/or video conferencing.
To help out during these trying times we are offering Free Consultations. Click here to Schedule a Consultation.

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Miranda Kerr and Orlando Bloom broke up… so who gets the beach house?

Oct 29, 2013 | Equitable Distribution

One of the most difficult aspects of a divorce can be the splitting of assets. New Jersey abides by the principal of equitable distribution. Our legislature and Courts have long since recognized that each case is unique, and a set of 16 statutory factors must be weighed to address the distribution of assets. N.J.S.A. 2A:34-23.1. Rothman v. Rothman, 65 N.J. 219, 232, 234 (1974).

So what does this really mean? Each case deserves special attention because equitable distribution is not equal distribution. There is no formula that leads to a mechanical division of assets. If Orlando and Miranda lived in New Jersey the Court would have to weigh the various statutory factors before making a determination as to the appropriate distribution of any asset.