What to Consider Before Keeping the Marital Home in a Divorce
When couples divorce in New York, their home is usually among the assets that must be divided between them. However, either spouse or both may wish to keep the home. This may be driven not only by economic concerns but also by emotional attachment. Whatever the reasons, deciding to keep the home requires consideration of… Read More »
How N.Y. Courts Decide if Property Is Marital or Separate
In a New York divorce, determining whether property is marital or separate directly impacts the equitable distribution of assets. Under New York law, marital property is generally defined as any property acquired by either spouse during the marriage, regardless of whose name is on the title. On the other hand, separate property includes assets that… Read More »
Who Gets the Family Home in a New York Divorce?
In a New York divorce, a process called equitable distribution is used to divide marital property fairly, not necessarily equally. This applies to the family home as well, but its unique nature presents some complexities. Unlike stocks or investments that can be easily split, a house is a single, non-liquid asset. In addition, it is… Read More »
Dividing Credit Card Points During Divorce
Dividing up assets during divorce can be challenging, and credit card points are often particularly difficult. While most people don’t think about credit card points as an asset, rewards can quickly add up. Unfortunately, many cards don’t allow owners to transfer points to someone else. What can you do? Separate or marital property? The first… Read More »
Debt Questions During Divorce
If you are anticipating divorce, you are no doubt apprehensive about the division of your marital estate. After all, your future financial security depends greatly on the equitable distribution of your property. However, if you are like many of our clients who were hurt by the housing crisis or the stock market collapse circa 2008,… Read More »