How does Equitable Distribution during a Divorce in NY work?
Equitable distribution in a divorce can be very confusing to people going through the process because marital property is not split 50/50. Find out why, in this video by Buffalo Equitable Distribution Lawyer Donna L. Haslinger. If you have questions about how your assets will be divided in a divorce, please contact us to schedule a consultation. Let our experience work for you.
- New York State’s equitable distribution law dictates division of assets and debt.
- The law views everything acquired during the marriage as subject to fair, but not necessarily equal, division.
- The law applies to all assets and debt acquired during the marriage, regardless of title.
- Four categories of property, considered separate property, are not subject to division.
- Separate property may include: assets owned before marriage, inheritances, gifts from a third party, or proceeds of a personal injury lawsuit.
Do you have questions about equitable distribution in a divorce in NY? Contact our experienced Buffalo divorce lawyers for guidance. We offer flexible meeting schedules, return after-hours communications promptly. You can trust our law firm’s reputation for attentive personal service. Let our 45 years of experience work for you.