millebobby
1 post
Nov 18, 2024
1:39 AM
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New York's marital property law, also known as equitable distribution, involves the division of assets and debts acquired during marriage. This includes real estate, personal property, financial assets, retirement accounts, businesses, intellectual property, and debts. Courts follow equitable distribution principles, considering factors like length of marriage, income, age, health, household contributions, child custody, spousal support, debts, liabilities, and tax implications. Marital property can be classified as separate property, mixed property, or both. Different types of property division include equal, unequal, and delayed division. To navigate New York Divorce Law Marital Property, consult an experienced divorce attorney.
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