Riverdale Asset Division Attorney
When going through a divorce, you are not only legally separating from your spouse, but you are also legally dividing all of the property (assets and debt) that was acquired throughout the duration of your marriage. When beginning the property distribution process, it is vital to have an experienced lawyer on your side who will work as your advocate, helping you toward your new life and a fresh start.
If you are concerned about where your property will go once your divorce is final, contact the Law Offices of David Bliven. We will help you to understand the law as it relates to your case and will work to ensure you are treated fairly throughout the process.
Property Division in the State of New York
New York is an equitable property state. This means that any property [asset or debt] accrued during your marriage is considered marital property, and therefore subject to distribution between parties. "Equitable", otherwise known as "fair", means that the court will use its discretion to determine how and to whom property will be distributed. Some examples of marital property are as follows:
- Homes and other real estate properties
- Retirement plans (pensions, 401(k)s)
- Professional degrees and licenses
- Art, decor and other personal property
- Cars, boats, RVs, etc.
In our more than 15 years of experience, we have handled cases involving simple distributions, to the extremely complex asset and debt division disputes. Through the use of neutral experts such as forensic accountants and investigators, we conduct thorough searches to uncover hidden assets that would be relevant to your case.
Preparing for Distribution
Before you begin the divorce process, it is important to open and maintain a separate bank account from your spouse. New York law states that once you file for divorce, you may not transfer funds or assets without the court's permission.
The division of property can easily become a malicious and contentious battle. To avoid any unnecessary conflict, and to ensure your property is divided in a fair and economical manner, call 888-404-0907, or contact us to speak with a White Plains property division attorney about your case.
