Beware: If two individuals live and act as a married couple (even though they are not married), when they break up, the Court may distribute the personal assets of one between the two of them.
In
Mitchell V. Oksienik, the Appellate Division held that:
Although distribution of individually owned assets is improper under the rubric of "equitable distribution" where unmarried cohabitating parties are involved, such persons who have engaged in a joint venture to purchase property in which they reside, are entitled to seek a partition, and the Family Part is the appropriate forum for the resolution of such issues.
As joint venturers, the parties are entitled to seek a partition of their property when their joint enterprise comes to an end, irrespective of how title is formally held.
Among the remedies available on partition -- where other modes or relief are not practical -- is a forced sale of the property and division of the net proceeds between the two parties.
The full decision is available at:
Mitchell V. Oksienik, __ N.J. Super. __ (App. Div. 2005) [Docket No. A-1775-03T1; Decided September 2, 2005]
If you want to send me an email about this post, please do.<< Home