Couples who are getting divorced in New York State all have one thing in common: they must divide all of the marital assets and liabilities that were acquired throughout the duration of the marriage. Of course, the way by which the division of property occurs can vary from case to case. While some couples may be able to divide assets and liabilities in a peaceful and uncontested manner, others may need the court to step in and make this decision for them.
The process by which the court will divide all marital assets and liabilities in divorce is referred to as equitable distribution. When dividing assets and debts between two parties, the court will take a number of different factors into consideration. Some of these factors include, but are not limited to:
Another important factor to note is that marital fault does not have an impact on the division of property in divorce.
If you have questions about divorce in Rockland County, contact our firm today.
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.