Equitable Distribution

New York is an equitable distribution state for divorces. Judges are not required to split all marital assets fifty-fifty between the spouses. The property is to be divided equitably or fairly, which may or may not be an even split. A

A business is considered an asset in a New York divorce proceeding. Unless you can prove that the business is not a marital asset, your business is subject to the equitable property division laws in New York. Equitable division refers to a division of property that is “fair” which may or may not be equal. Therefore, your spouse could receive a smaller or larger percentage of ownership in the business depending on the other factors in your case.

Because a business can complicate a property division case, it is important to retain the services of skilled New York divorce lawyers. Our New York equitable distribution lawyers have experience representing clients who own and operate businesses that were obtained during a marriage, inherited, or acquired before the marriage. We carefully weigh all options with our clients to determine the best course of action to take that provides the best protection of our clients’ best interests when dividing a business during a divorce proceeding.

One of the worries many people express to our divorce attorneys when considering a divorce in New York is whether they will receive a fair share of the marital property. For couples who have a high-net-worth, dividing assets can be a complicated endeavor, especially if it involves both marital and non-marital assets.
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If you are in the midst of or considering a divorce in New York, you are probably wondering how the court will split up the property between you and your spouse. Divorce courts look at everything the parties own and label each item as either marital property or separate property.  Determining what is or is not marital property can be complicated, so it makes sense to have an Read more . . .

Divorce is a painful and emotional journey for everyone involved. Issues such as child custody and property division only make the process even more difficult. With regard to property division, you want to safeguard the property you acquired before marriage and get your share of property acquired during the marriage, commensurate to all the work and effort you put into the marriage. Having an experienced New York