A divorce can create a lot of contention between people even when the split is wanted and both parties agree on the need to move forward. One area that may create the most tension or possible disagreement may pertain to property division. New Jersey couples may want to consider how a prenuptial agreement may ease the tensions or discontent of the property division process.
Regardless of the length of a New Jersey marriage, there will most likely be property to divide in any subsequent divorce proceedings. For those with significant assets, the process of dividing property can be particularly complex and is typically referred to as a high-asset divorce. Because of all that may be at stake, it is important to understand the distinction between premarital and marital property and how marital are typically handled in divorce proceedings.