Saratoga Divorce Attorney Discusses If Winning an Injury Settlement is Considered Joint Marital Property
As a Saratoga Divorce Attorney I often have clients come to me asking if they win their personal injury settlement, if it will be considered joint marital property. In the state of New York, an injury settlement a separate asset and not required to be part of equitable distribution. I always advise clients as a Saratoga Divorce Attorney that if they do win a settlement, not to put the money into a joint account because then it will be considered marital property.
If you have questions about equitable distribution of finances in a divorce, watch this video and contact our experienced Saratoga Divorce Attorney.