For many couples in New York, their marital home represents the heart and soul of their family. This can be especially true for people who have children as they look at their homes as a source of stability for their kids. A couple's home may also be their most...
Property Division
Identifying all types of marital property
When couples file for divorce in New York, they may feel overwhelmed while attempting to negotiate the terms of the divorce settlement. Whether couples are creating their own settlement through mediation or going through a traditional courtroom divorce, it is...
Do I have to give my spouse half of everything?
New York law does not require that you split all of your assets in half with your spouse when you get a divorce. In fact, there are only a few states that abide by 50/50 rules. Even in these jurisdictions, your split would probably not be a simple half and half due to...
How can I create a solid prenuptial agreement?
No one wants to imagine their marriage will end in divorce. Unfortunately, this is a very real possibility for couples in New York, and it's important to ensure your assets remain protected when you enter into a union. CNBC explains the value of prenuptial agreements...
What happens with insurance policies in a divorce?
When you divorce in New York, the court divides every asset you own. This may include things that you may not think of, such as insurance policies. An insurance policy can be very valuable. In some cases, the court may even include such insurance policies in...
Helping you decide what to keep in a divorce
Property division is complicated, and the complexity of New York law is not entirely to blame. Divorce is an emotional time, and those feelings would typically cloud your decision-making during negotiations. You would probably have one impulse telling...
How can I prevent losing precious items if I divorce?
You cannot always put a monetary value on everything you own because some items or assets are too precious to you to lose. However, if an East Aurora divorce looms on the horizon, you fear you might end up parting with your prized possessions when your...
What is equitable distribution?
When it comes to divorce, one of the important aspects is the division of property. There are two kinds of property distribution, but each state sets its own standards. New York is an equitable distribution state, which according to the Huffington Post is what...
How is property divided in a divorce?
If you are getting a divorce in New York, then one concern will be how your property is divided. According to the New York City Bar, marital property is generally divided, but not all property you have is considered marital property. It depends on when and how it...