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!
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