New York Divorce Law Marital Property
Description
In New York, divorce law considers marital property as any assets acquired during the marriage, subject to equitable distribution upon divorce. This includes real estate, income, and other possessions obtained during the marital union. New York follows the principle of equitable distribution, where the court aims to divide marital property fairly, though not necessarily equally, between spouses. Factors such as the duration of the marriage, each party's financial contributions, and future financial needs are taken into account. Seeking legal advice from a knowledgeable divorce attorney is essential to navigate New York's intricate marital property laws and secure a fair distribution.
New York Divorce Law Marital Property
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