Property Division
NYC Metro-Area Property Division Counsel
My practice provides legal counsel for NYC metro-area divorce-related property division. I rely on years of family law and commercial law experience to guide my clients through their property settlement issues.
Property settlement is often a highly affecting process. This process often ignites other divorce-related emotions and can result in prolonged personal vendettas. I offer counsel that helps clients keep these matters in perspective. I encourage my clients to “pick their battles” and encourage them to take a pragmatic approach.
New York State Courts and Equitable Distribution
New York State law dictates that the court will divide property in divorces in a manner that is equitable to both parties. This does not mean necessarily mean that property will be divided equally.
The courts will consider several factors when making their decision:
- Length of marriage
- Circumstances of divorce
- Economic conditions of each spouse
- Children involved and custodial settlements
- Physical and mental health of each spouse
- The contribution the spouse made to the creation of the property
We will work together to build a case that shows an honest and accurate representation of your financial and divorce circumstances. I will fight to protect your property rights and reach a fair settlement.
Extensive Assets in Modern Divorce
Modern divorces often involve complex and detailed property settlement issues. Parties often possess extensive joint and personal assets that need to be accounted for and assigned value for the court.
These assets are not limited to material items and often involve many different levels of financial ownership:
- Pension and retirement funds
- Employee benefits
- Insurance policies
- Stocks and bonds
- IRAs
- Money market accounts
- Estates and trusts
- Enhanced earning capacity (such as professional degrees and licensing) earned by either spouse during the marriage
It is important to provide the courts with an honest and thorough representation of each party’s property ownership. The courts look at the totality of the situation to make their decision on equitable division.
I have written a “things to bring to your attorney to divide property” guide to give you a more comprehensive view of how to prepare and what to expect in this process.
