Valuable assets can create more complicated divorce scenarios. The more resources spouses have to divide with one another, the more opportunities they may have to disagree. Particularly valuable assets tend to create greater hostility between divorcing spouses. The...
Protecting Your Rights And Best Interests
In Divorce And Other Family Law Matters
Property Division
What does equitable distribution mean?
People preparing for divorce often have a lot of questions. They may feel anxious about the need to divide specific assets. For example, people who have purchased homes or started businesses may want to preserve those assets from liquidation or division during their...
Undervaluing assets is a common divorce tactic
Preparing for divorce means focusing on a variety of different details while trying to prioritize certain personal goals. In theory, divorce should be a largely reasonable and fair process. The law seeks to prevent scenarios in which one spouse can cause major...
How is property divided in a divorce in New York?
Divorce can be a challenging and emotionally taxing process, sometimes especially when it comes to dividing assets and property. The state of New York follows the principle of equitable distribution when dividing property in a litigated divorce. This means that...
If you get divorced, what happens to your house?
One of the major questions that couples sometimes ask when getting divorced is what is going to happen to their home after the marriage ends. They likely got married and then jointly bought the house, so it counts as a marital asset. This means that it is subject to...
What happens to deferred compensation in a New York divorce?
Couples with more assets and more complicated financial holdings often find that the legal side of the divorce process can be more of a challenge than it tends to be for couples with minimal resources. Ultimately, spouses may disagree about everything from what their...
How equitable division of property works in a New York divorce
When a marriage ends, the divorcing couple must divide the assets acquired during the union, collectively referred to as marital assets. There are several ways of going about it. First, you can use an existing prenuptial or postnuptial agreement if it’s legally valid...
2 ways hidden assets can affect the property division process
When married couples decide to divorce in New York, they have to divide their property. Asset division is often one of the most challenging and emotional aspects of modern divorce, as both spouses may feel very strongly about what they believe is fair and appropriate....
Can you secure a fair portion of your home’s equity in a divorce?
Many people have heard exaggerated or outright inaccurate stories about what happens in divorce. Some people will claim that their ex forced them out of the home and then deprived them of their assets. However, the New York approach to divorce does not typically allow...