New York Divorce Asset Division

Summary

In New York, divorce involves equitable distribution, meaning marital assets are divided fairly, not necessarily equally. Marital property includes assets acquired during the marriage, while separate property is typically not divided. Factors such as each spouses earning capacity, contributions to the marriage, and individual needs are considered. Given the complexity of your situation, consulting with a local lawyer can help ensure your rights are protected and the asset division is fair.

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ny state asset division
In New York, the equitable distribution of assets in divorce means that the court divides marital property fairly but not necessarily equally. Here are some key points regarding asset division:
- Marital property includes assets acquired during the marriage.
- Separate property (owned before marriage or received as a gift/inheritance) is typically not divided.
- Factors considered include each spouse's earning capacity, contribution to the marriage, and needs.
Would you like to connect with a local lawyer to assist further with your asset division concerns?
married for 16 years not legally separated but lived in same house different apartments for 7 years
It sounds like you're dealing with a complex situation involving asset division and support payments. Given the details you've shared, connecting with a local lawyer could be beneficial to ensure your rights are protected and the asset division is fair. Would you like assistance in connecting with a lawyer?