Under New Jersey statutory law, a court deciding the issue of equitable distribution between divorcing spouse is required to consider the following factors in rendering its decision:The duration of the marriage The age and respective physical and mental health of the parties The income and assets ...
SYMPOSIUM: Equitable Distribution in New York: Results and ReformJournalStaffBrooklyn Law Review
All pensions, IRAs, 401Ks and retirement plans are treated as marital property in New York. This means they are subject to the state’s equitable distribution laws and are divided by what is known as the Majauskas Formula, named after a landmark court case known as Majauskas vs. Majaus...
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In New York, the first hearing before the judge is known as the preliminary conference, also known as the PC. At the preliminary conference, the attorneys for the parties will discuss with the judge the issues of the divorce, which may include equitable distribution, spousal support, custody,...
New York Intestate Succession: Spouse and Kids Which relatives are first in line to take assets when a New York resident dies with no will? The distribution order is set out in the New York Consolidated Laws, Estates, Powers and Trusts Law -EPT Section 4-1.1entitled "Descent and distribution...
Asset Distribution in Divorce Division of Corporate Assets Equitable Distribution New York's Premier Family Law Firm 14 Wall St, New York NY 10005 Phone: (212) 671-0936 Awards 10.0Yulia Vangorodska Yulia VangorodskaReviewsout of 2 reviews FREE CASE EVALUATION Fill out the form below and we...
New York State uses equitable distribution when dividing marital property. As such, a clear distinction must be made between what is considered “separate property” and “marital property”.Separate property is defined as the following:property acquired before the marriage property acquired by bequest...
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In New York, a wife is entitled to an equitable distribution of marital property: theallocation of assetsacquired during the marriage. The New York legal system prefers not to favor one party over the other, particularly in separations involving children or family members who depend on the divorc...