In a New York divorce, assets are divided according to the equitable distribution principle. This doesn’t necessarily mean a 50/50 split, but a fair division of marital assets between spouses. The court takes an unbiased approach, basing decisions on each spouse’s...
Long Islanders from all walks of life who are going through a divorce will probably have to figure out what to do with their family home. Most of the time, a person’s residence is considered marital property in a New York divorce. This is true even if the home is only...
If you are considering a divorce, it can feel like an insurmountable amount of stress. Many couples find themselves at a point of needing to cross that bridge, and some divorces may require additional help. In addition to attorneys, there are other professionals who...
The economy has presented obstacles for homeowners seeking a reasonable mortgage. But divorce adds further complications for couples dealing with their marital home and obtaining a mortgage. Mortgage options Keeping the family’s home depends on many factors. These...
Many Long Islanders are professional people or business owners. They have created or built an entity that accords them a living and even an affluent lifestyle. When their marriage falls on hard times and a divorce is on the horizon, they are inevitably fearful as to...
The division of marital assets is always one of the most stressful aspects of a divorce in New York. The couple may have far different opinions about the value of the homestead, and they may also disagree about how the homestead should be divided. One of the best ways...
In New York, there are many people who have done well in life and have accrued significant assets. That could be through building a business, being successful at their job, via inheritances or from a variety of other ways. With that will come the benefits of success...
Deciding to divorce can be a messy, emotional experience, but the legal process of divorce itself involves a lot of detailed, painstaking work. In many divorces, the most technically difficult part of the process is the division of property. How property division is...
The property division process in a New York divorce is meant to leave you with a fair, although not necessarily equal, share of the marital estate. That division might sound easy to effectuate, but the truth of the matter is that the property division process can be...
There are many difficult decisions that must be made during the divorce process including property division and part of that process may be deciding who gets the family home. For divorcing couples this is an understandably serious concern they should be prepared for....
