Weiner Law Group LLP
Call Us Today For Your Free Consultation

Commingling of Assets

shutterstock_263014436-1-300x200.jpgOther assets that are exempt initially are gifts that are given to you personally individually, not joint gifts to you and your spouse, but gifts that are given to you personally, or premarital monies or premarital properties, houses that you may have owned prior to the marriage date, prior to your anniversary date. Again, those exempt assets stay exempt unless you take your premarital house and you refinance it during the marriage and you put your spouse's name on it. Now the house is titled in joint names. If the divorce complaint is filed two or three weeks later, that house is still going to be 100% yours. If the divorce complaint is filed five years later, the equity in that prior exempt asset which has now become commingled, the equity in that asset is up for grabs in the divorce case, and your spouse may get anywhere from 0% to 50% of the equity. For sure, after five years of being commingled, that exempt asset will indeed be divided in some fraction with your spouse.

Are you going through a divorce and have questions about the commingling of assets? Let one of our experienced Divorce Lawyers in Morris County help you.

This educational blog was brought to you by Salvatore Simeone, an experienced New Jersey Divorce Lawyer.

No Comments

Leave a comment
Comment Information
Contact Us For Legal Service That's Above And Beyond
Email us for A response

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Weiner Law Group LLP

Contact Us For Your Best Defense

Contact us online or at 866-899-1138 to find out how we can help you with your legal matter. Let us provide you service that's above and beyond your typical defense firm.

Office Locations

Map Map Map Map Map

Parsippany Office
629 Parsippany Road
Parsippany, NJ 07054

Toll Free: 866-899-1138
Fax: 973-403-0010
Parsippany Law Office Map

Bridgewater Office
1200 Rte. 22 East
Suite 10
Bridgewater, NJ 08807

Phone: 732-399-9710
Bridgewater Law Office Map

Jersey City Office
26 Journal Square
Suite 1205
Jersey City, NJ 07306

Phone: 201-222-3184
Jersey City Law Office Map

New York Office
90 Broad Street
Suite 1802
New York, NY 10004-2627

Phone: 646-273-0275
New York Law Office Map

Red Bank Office
331 Newman Springs Rd.
Bldg. 1, Suite 136
Red Bank, NJ 07701

Phone: 732-978-1210
Red Bank Law Office Map

Had a great experience?

Review Our Firm