Navigating the Division of Matrimonial Assets in Long Island, NY
We often hear of the division of marital assets in New York State as an "equitable distribution." To some, this entails a 50-50 division. However, that is not often the case. The intricacies surrounding this division of assets will make you wonder whether your assets and properties will be yours once the divorce is settled. This blog will explore how the division of marital assets works in New York State and the differences in the process during contested and uncontested divorces. What is the Division of Matrimonial Assets? In simplest terms, the division of matrimonial assets refers to the equitable distribution of property, assets,...
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