Equitable Distribution in New York
Protecting Your Property in a Complex Divorce
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 PLLC, 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
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.