Equitable Distribution of Property in NY
Garden City Property Distribution Attorneys
New York is an equitable distribution state. This does not mean that property
will necessarily be split 50/50, although it is possible the court will
order this. The specific circumstances of the marriage,
divorce and each of the parties involved are all taken into account in order to
determine the fairest division of property according to the court.
While all marital property is considered in this determination, separate
property is exempt from this process and remains with the individual to
whom it belongs. Separate property includes such items as assets brought
into the marriage, assets acquired during the marriage by inheritance
or gift, personal injury awards or disability pensions and items bought
with separate property.
As each individual case is judged according to the unique factors involved,
it is imperative you have an experienced Garden City property distribution
lawyer battling to protect your assets and your financial future. The
court will consider many factors, such as the length of the marriage and
the contributions of each party to the marriage, both financial and otherwise.
Significant misconduct, such as concealing assets to avoid their distribution
or extreme wastefulness of marital assets, can be held against the guilty party.
Property Distribution & Your Rights
The factors affecting property distribution are many and having a thorough
command of the law and your rights and options is vital if you are to
achieve a just outcome. The team at Jonathan E. Edwards P.C., will work
relentlessly to build and argue a compelling case on your behalf. We have
addressed thousands of divorce matters through settlement and trial and
our comprehensive and personalized approach serves our clients well.
Contact our team today to learn how we can assist with your case!