Legal Question in Family Law in New Jersey
Equitable Distribution
In N.J. are assets received (cash, IRA's, annuities, R/E & bonds) as the beneficiary of an estate subject to equitable distribution or are they excempt from same.
1 Answer from Attorneys
Re: Equitable Distribution
Assets received as an inheritance are usually not subject to equitable distribution. The income from those assets can, however, be taken into consideration when other decisions are being made concerning alimony and child support. Keep in mind that this advice is based purely on the little bit of information that you have given to me. There may be other factors that would change my opinion. Further, no one can rely on advice from an attorney who has not been retained. Since you have apparently not retained an attorney in this case, before you take any further action, you should contact an attorney (either me or someone else) to discuss your matter in more detail. Only then will you be able to rely on the advice. I will be happy to assist you. However, you need to call me at 856-546-8010. If you mention LawGuru, there will be no charge for your first consultation. Good luck! Rob Gleaner