Q: do I owe my exwife half the car and security deposit (we rent) ? not divorced yet. they are cheating, NJ. please help
my spouse left me after 10 years, just walked out flew around the world in 30 day to someone else, they were talking before it ended. not sure if that matters, we aren't divorced yet.
we rent, I told her to take whatever she wante in apt, I gave her one of the cars, it was old, she gave it to her sister and her sister gave me $500 just to give me something. now she is asking for the other newer car (she will pay me half) but I need that car for transportation, she is on that title, we both pay. she also asking for security deposit from 3 years ago on this apartment.
car is worth $11,500 , we owe $2200 on the car note.
Security deposit is $2200
do I owe her a car and security deposit. if I say no, what can happen?
A: Marital assets and debts are considered in the equitable division of a marital estate. In New Jersey, the statute governing the equitable division of marital property in divorce cases is found in N.J.S.A. 2A:34-23. This statute outlines the guidelines for the division of assets and liabilities in a divorce, stating that marital property should be distributed fairly based on factors such as the length of the marriage, the financial and non-financial contributions of each spouse, and other relevant circumstances. Relevant considerations in evaluating distribution include whether pre marital funds or inheritances were used to acquire assets and whether debts were incurred jointly and/ or for the benefit of the marriage, among others. It is recommended that you contact a family law attorney to specifically address the issues you raise because other factors such the appropriateness of spousal support may be adjust the division.
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