The Meyers Law Group, PC Articles Equitable Distribution in Divorce

Equitable Distribution in Divorce

By Meyers Law Group  Nov. 3, 2010 1:11p

When a marriage ends with a divorce there are many factors that must be considered legally as each spouse goes their separate ways. One of the most important issues is the division of marital assets between the divorcing spouses. Assets include property, household items, vehicles, stocks and other monetary holdings and interests.

There are two recognized types of property in New York including marital property and separate property. In order to have these items fairly identified it is important to have the legal guidance of a New York divorce attorney who can help you identify and process all of your assets to avoid accidentally harming your case with violations such as hiding assets and to protect your rights and your own property as well.

It is especially important in contested divorces where divorcing spouses cannot agree on divorce terms including asset division that the legal process become involved for equitable distribution of marital property and identification of personal property. There are certain factors which may affect the distribution including the needs of a custodial parent if there are children involved, spousal support, different property types, the income and property of each spouse, tax impacts, financial impact and the spending habits of both spouses. There are also complications involved with items of sentimental value, which can cause additional stress and financial burden involved with court litigation.

Divorce and Equitable Distribution Lawyer In Long Island

If you are considering divorce it is vital that when you and your spouse part ways that the property between the two of you is fairly distributed so neither of you is left financially unstable or unable to support any children involved. At the Law Offices of Meyers Law Group, PC we can help ensure that your cherished belongings are not taken from you and that you are able to exit a marriage as financially stable as you were within the marriage. Your divorce is already painful enough; we can help ease some of the stress the legalities can add to that burden.

Contact a Long Island Divorce Attorney if you have questions about equitable distribution in a divorce.

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