What is equitable distribution?
(asked 144 months, 27 days ago in Long Island, NY)
My husband and I are considering a divorce, and I am concerned about my property. Will I have to lose the house? I have heard so many different things concerning divorces, and I am just not sure if I should hire an attorney or try to do it myself? I want to save as much money as possible, but I also have friends who are trying to tell me to hire an attorney? What should I do?
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300 Old Country Road
Mineola NY 11501 Long Island Divorce Attorney (516) 248-3520
LaRusso & Conway
Long Island Divorce Attorney
In the state of New York, we are considered to be an equitable distribution state. What this means is that when you and your spouse decide to divorce, you will “equitably” divide your property. Note- this does not mean equal, but rather it means you will split the property by what is considered as fair. The difficult thing with filing for a divorce, is that what you may feel is fair to divide is not fair to your spouse, and vice versa. When filing for a divorce, many couples will feel as though hiring an attorney is going to cost them too much money, and they will lose in the long run. What is interesting, however, is the idea that by hiring a divorce attorney they are going to be specifically learned in the area of divorce laws in your state, and they can help see to it that you are receiving what is rightfully yours. As with any divorce, there is always a concern as to who will receive the house, the car, the children, etc. And by hiring a divorce attorney they will be able to sit down with you and determine the best plan of action. Call a divorce attorney today to sit down and discuss your situation, for most firms, the initial consultation is free so it will give you a chance to decide if that is the route you want to go.
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