Divorce And Business Assets

Summary

In New York, marital property is divided equitably during divorce, but exceptions exist for gifts, inheritances, and separate property. Consult a lawyer for personalized advice.

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Hi. I’m curious can a wife after divorced claim part of the money or part of the company if the husband’s company LLS is registered in his mother’s name? No children. State NY.
Hello ****, in New York, property acquired during marriage is usually considered marital property, which is divided equitably. However, there are exceptions:
- Property received as a gift or inheritance
- Property acquired in exchange for or the increase in value of separate property, except to the extent that such appreciation is due in part to the contributions or efforts of the other spouse.
Your situation may fall into these exceptions, but this is a complex issue and it's recommended to consult with a lawyer for advice tailored to your specific circumstances.