Equitable Distribution & Property Division
Experienced Long Island Divorce Attorneys
Property division is one of the most emotionally-charged issues during a divorce. Although there are times in which one or both parties may be indifferent to how property is divided, in general, both parties tend to have strong opinions about how their marital property and assets will be divided.
If you are filing for divorce, it’s to your advantage to work with an attorney who has extensive resources, knowledge and skill in regards to New York equitable distribution laws. At Samuelson Hause & Samuelson, we have handled extremely complex divorce cases, including high net worth cases in which the property and assets involved were substantial. We work with trusted forensic accountants, experienced property assessors, and various other professionals to learn the true value of a client’s assets and make sure no aspect of his or her case is overlooked.
How is Marital Property Divided in New York?
Marital property refers to any property, money or assets that were acquired during the course of the marriage. Separate property, which is not subject to equitable distribution, refers to money, assets or property acquired before or after the marriage, or inheritances, gifts from third parties, or personal injury damages.
Upon the dissolution of a marriage, marital property will be divided and allocated based on equitable distribution laws. Equitable distribution replaces New York’s old system for distributing marital property, which mandated that property was to be divided and distributed based on which party held the title to the property. As an equitable distribution state, New York courts are now required to distribute marital property “equitably,” regardless of which party holds the title.
Contact an Experienced Long Island Property Division Lawyer
At Samuelson Hause & Samuelson, you can trust us to provide you with the experienced legal counsel and dedicated representation needed to navigate this complex aspect of the divorce process. Furthermore, you can depend on the Long Island divorce lawyers at our office to protect your best interests, make sure your property rights are upheld, and help you work through any disputes or discrepancies that may arise.
For more information about New York equitable distribution laws, please contact a Long Island divorce attorney at Samuelson Hause & Samuelson today!