Divorce Attorney Serving Long Island, New York
Property division is a key issue that must be resolved during a New York divorce or separation agreement. This can be complex and disputes may easily arise regarding what is marital property and what is separate. A Long Island divorce lawyer can help you resolve these issues in such a way that your interests and future financial stability are protected.
Property Division and Equitable Distribution in NY
In New York, property division is carried out through equitable distribution. It is important to note at this point that “equitable distribution” does not mean “equal distribution”. In a divorce, the court will determine what is considered to be marital property and what is considered separate property. Marital property will be subject to equitable distribution while separate property will remain with the spouse who it belongs to.
In dividing marital property, the court will look at a number of factors. These may vary from jurisdiction to jurisdiction, as well as the particular circumstances of the case. Some factors in determining equitable distribution include: each spouse’s property at the time of marriage, each spouse’s income at the time of marriage, the need of the custodial parent to occupy/own the couple’s home, any award of spousal maintenance, tax consequences, and much more.
How an Attorney Can Help
Determining separate and marital property is not always clear cut, and having an attorney on your side to ensure that your property and assets are protected is essential to your financial stability. As an attorney, one must have specific knowledge regarding separate and marital property and competence in matters involving finances, businesses and more.
Sari M. Friedman is an experienced divorce lawyer serving all of Long Island, including Suffolk County and Nassau County. She understands how important property division is to your future and therefore strives to provide personalized attention and aggressive representation to each and every one of her clients.
Trying to determine property division in Nassau or Suffolk County? Contact Long Island divorce lawyer Sari M. Friedman today.