Category Archives: Marital Assets Distribution
When Fair Does Not Mean Equal: Uneven Division of Marital Assets in New York Divorce
One of the biggest myths surrounding divorce is that marital property is always split 50/50. In New York, an equitable distribution state, that is simply not the case. The standard that is applied during divorce is that the outcome should be fair to both parties. Fair does not necessarily mean equal. In this article,… Read More »
Equitable Distribution of Rental Properties Creates Confusion in New York Divorce
In the case of Raposo v. Raposa, the trial court managed the equitable distribution of certain rental properties that were part of the marital estate. Indeed, the marital estate had accrued considerable value during the 31-year marriage. During the trial, the principal issue that the court was left to consider was the distribution of… Read More »
Determining Division Of A Family Business During Divorce
Family-owned businesses are important for a number of reasons. In some circumstances, they provide a family’s primary source of income. If started during the marriage, its value is also typically a marital asset that gets distributed upon divorce; and even if started prior to marriage, there may be some components that are subject to… Read More »