Property and Debt Division
New York is referred to as an “equitable distribution” state, which means that any property or debt incurred during the marriage is divided, distributed and shared equitably—meaning “fairly,” not necessarily or always “equally”—between the parties upon a divorce.
There are various exceptions to this general rule, as well as various areas of interpretation of what is fair or equitable under a particular set of circumstances. There are also various legal methods or techniques for dividing different assets or obligations in a way that secures and protects the rights of each spouse.
Our attorneys have the knowledge and experience to advise you on:
- What property or debt is subject to equitable distribution
- What property or debt may be exempt from equitable distribution
- The extent of your equitable rights in such property or debt
- How best to secure and protect your interests in the course of a separation or divorce