Property division is one of the most complicated aspects of a New York divorce. New York, like many states, uses an equitable distribution model for property division. An equitable division of property does not necessarily mean that property is divided equally or...
In order to achieve a fair outcome in a divorce, it is important that parties have access to financial information and evidence about the other party. In some cases, a party may try to conceal assets to avoid fair property distribution. Or a party may attempt to hide...
For most New York families in the process of ending their marriage, one of the most stressful issues is the division of family assets, especially the family residence. Couples usually have three options: Award the house to one spouse and offset the net value of the...
With world famous art museums, including the Metropolitan Museum of Art, New York has become one of the world’s most iconic cities for arts and culture. As a result, many New York couples have formed their own collections of valuable sculptures, paintings, and other...
When it comes to dividing assets in divorce in New York, pets are considered property, just like any other property. However, over the years, the question of pet custody has come up many times and that issue has been incorporated into one of the important areas in...
Property division is a key area of disagreement in a New York divorce. Many might not be completely aware of the laws and terminology that is used as a case moves forward. Equitable distribution is the law in the state, but many people can misinterpret that to mean...
Sorting out all the property that must be divided between a divorcing couple can be challenging. It can be especially challenging when the divorcing couple owns a business together that must be divided. For that reason, divorcing couples who are also business owners...
In New York, there are many people who have significant assets and are moving forward with a divorce. This is often viewed as the foundation for dispute with a long-term back and forth as both sides battle over various properties. This can include a business, real...
New York law requires divorcing couples to divide their marital property in a way that meets standards of fairness under state law. These assets can include everything from household furniture to complex investments, and more. Dividing some types of property is...
When a couple decides to get married, divorce is rarely on their minds. However, divorce is a reality that many couples have to deal with a later stage. The marriage may sometimes be short and it may sometimes be long but as a couple continues living together, their...