A couple may agree that the marriage is over and still be far from agreement on the finances. The house, savings accounts, retirement benefits, debts, and other property accumulated over years can turn one decision to divorce into several separate disputes.
New York does not automatically divide everything down the middle. Alatsas Law Firm handles contested and uncontested divorce matters for clients in Brooklyn, Queens, and Staten Island, including property division and the related financial issues that can keep a divorce unresolved.
Property Division Starts With Identifying What Is Marital
New York follows equitable distribution, which means marital property is divided fairly according to the circumstances rather than through an automatic 50/50 split. Before distribution can be addressed, the property involved must first be identified and classified.
