New Jersey operates under the principles of equitable distribution, and Howell is no exception. This doesn’t necessarily mean a 50/50 split, but rather a division that is fair and reasonable under the circumstances. Factors considered include the length of the marriage, each spouse’s economic circumstances, contributions to marital property, and each party’s debts and liabilities. In Howell, where family values and community ties often contribute to asset accumulation, these factors are carefully weighed to ensure a balanced approach to the division of assets and debts.