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New York now abides by the principle of equitable distribution when dividing the property of a divorcing couple. People sometimes misinterpret the word equitable to mean “equal,” which is not always the case. Judges often decide that the fairest resolution is to give one spouse a greater portion of the shared assets, and they base their decisions upon a variety of factors, including:
Some separate assets, such as property owned prior to the wedding and inheritances left to one spouse, may not be included in the marital estate.
At the firm of Goldberg Sager & Associates, Attorneys at Law, our lawyers assist divorcing spouses with property division and other family law issues. To schedule a consultation with an experienced Brooklyn matrimonial attorney, call 718-514-9516 or contact us online.