New York Divorce Attorney

Property Division in Long Island, New York

Spouses considering divorce should understand how property division will affect their various assets. New York is an equitable distribution state. This does not mean that marital property will be divided “equally” but rather “equitably”. Equitable distribution allows a party in a divorce to seek a share of specific marital assets.

Property division and equitable distribution as a whole can be extremely complex, particularly in high net worth cases and those involving a great deal of varied property. It may not be immediately clear what is considered marital assets and what are separate assets. You will need a New York divorce lawyer to work with you and help determine what property should be classified in what way – in order to best protect your assets and interests.

Equitable Distribution Lawyer in New York

Friedman & Friedman, Attorneys at Law is a New York family law firm taking on property division disputes and cases throughout Long Island, New York. With over 35 years of legal experience, attorney Sari Friedman is extremely knowledgeable regarding divorce and equitable distribution in New York. Our team then uses this knowledge to effectively represent our clients’ interests and help to safeguard their financial stability during a divorce.

Generally speaking, those assets which are obtained after the date of marriage and before filing for a divorce or separation agreement are considered marital assets. These assets are frequently divided equally, but this may not always be the case and will vary depending upon your particular situation.

Assets acquired before a marriage or after the commencement of a divorce or separation action are considered separate assets and are generally not subject to equitable distribution. There are exceptions to this rule, however, just as there are exceptions to assets which are considered to be marital assets. Generally, inherited property not co-mingled is separate property even if acquired during the marriage. An experienced lawyer will need to review your particular situation in order to help determine what should be separate and what should be marital assets.

Family Law Attorney Serving Long Island

You need a skilled divorce lawyer on your side immediately in the event that you are facing property division. Equitable distribution law is complex, and you will benefit by having a skilled lawyer to represent your interests.

Contact a New York divorce lawyer today to discuss the terms of your property division and how equitable distribution will affect this.