When a couple in New York feels as though their marriage is no longer working, they may consider getting a divorce. There are several steps of a divorce that must occur before it can be finalized and the couple can go their separate ways to start their new lives. One such factor of divorce is the division of property. It is important to note that not only do assets have to be divided in divorce, so do liabilities and debts. In order to divide property, the couple will go through the equitable distribution process. This means that the marital debts and assets will be divided fairly. However, it does not mean that they are divided equally.
Another thing to note is that only property that was acquired throughout the course of the marriage will be divided. There may be cases where the couple had a prenuptial agreement executed, which makes the process of dividing assets much easier. The division of assets is often a very contested matter in divorce because each party feels as though they are entitled to certain assets, regardless of whether or not they actually are. It is important to retain the services of an experienced divorce attorney who can help guide you through the equitable distribution process and fight on your behalf.
Leslye M. Schlesinger serves Rockland and Westchester County with compassion and integrity. With over 30 years of experience guiding clients through matrimony law, she now focuses on helping clients avoid litigation through alternative dispute resolution, including collaborative divorce and mediation. If you need an effective and committed attorney, contact Leslye M. Schlesinger for a consultation.