Like equitable distribution states, marital fault or misconduct is usually not taken into account. Unlike states like New York where an equitable distribution assets divorce takes place, these states do not always result in an fair outcome. Asset Valuation Whether your state conforms to the ...
In New York, each spouse must disclose to the other the amount and type of assets they have so that there can be an equitable division of those assets as part of the final divorce decree. Accurate and complete disclosures are essential to making sure there is a fair division of assets. I...
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but there are residency requirements. If both spouses are currently living in New York State and have lived here continuously for one year, either may file for divorce. If only one party is living in New York State but has lived here continuously for two years, that party may file for...
Equitable distribution can be a complicated task, particularly when couples have significant or complex assets and/or liabilities to distribute. If you are in the middle of an equitable distribution proceeding, contact the New Jersey divorce attorneys at Team Law today for a confidential case ...
The author argues on decision of the court on case O'Brien v. O'Brien related to equitable distribution of marital property along with need of reforms in interpreting divorce laws of New York. Topics discussed include role of equitable distribution statute in economic partnership and distribution ...
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Well, add equitable distribution into that mix as well. In New York, any income generated from investments, rental properties, etc. also counts as income in the alimony calculation. So if you have income-producing assets like a mutual fund portfolio or rental property, until you determine which...
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Under New York divorce asset division laws, the focus is on equitable distribution rather than an equal split. This means that assets, debts, and property obtained during the marriage will be divided in a way that is considered fair under the circumstances of your case, but not necessarily equ...