If you are seeking a divorce in the five boroughs or the Capital District, you may have concerns about what equitable distribution means in terms of your assets. While no cut-and-dried, universal rule exists as to how finances, property, and possessions will be distributed in every divorce, our firm’s years of experience in divorce law allow us to advise our clients what they can expect when equitable distribution comes into play. To learn more about equitable distribution of assets in a divorce, watch the video below by experienced Saratoga Divorce Lawyer Jean Mahserjian for insight.
New York is an equitable distribution state. “Equitable” means “fair.” However, in the vast majority of cases, property in New York State is divided equally. It is New York public policy to value the contributions of a spouse who remained home and cared for the family and the household equally to the contributions of the spouse who was out working every day. In some circumstances, property may not be divided equally, and if you speak with your attorney, about whether the circumstances exist in your case that would allow for an unequal distribution of assets.
If you or a loved one is considering divorce in New York and have questions about equitable distribution of assets, contact attorney Jean Mahserjian for caring advocacy.
Attorney Jean Mahserjian has maintained her capital region law firm for over 20 years. The practice encompasses all areas of family and matrimonial law, an online uncontested divorce service and various areas of estate planning. Whether we’re assisting you with a family law issue or helping you plan for your family’s future with our estate planning practice, our goal is to fully educate you on your options and help you make the best decisions possible.