New York City Equitable Distribution Lawyers Help You Divide Your Marital Property and Assets
Highly qualified team of lawyers with 45 years of combined experience serving NYC clients
If you and your spouse are considering divorce, many issues must be resolved before you can part ways. Child custody and alimony may be hotly contested issues in a divorce proceeding, and the division of property and assets can be equally difficult to settle. At Bernfeld, DeMatteo & Bernfeld, LLP, we know that any divorce can be stressful, emotional and frustrating. You need knowledgeable legal help, particularly if you own multiple properties and/or substantial assets. Our firm comprises two skilled NYC lawyers with extensive experience handling the most complex equitable distribution affairs.
What is equitable distribution?
Like a business arrangement, marriage joins the partners’ incomes, obligations and debts. When you and your spouse divorce, your marital property must be divided. If your divorce is uncontested, you do not need the court’s help to resolve issues such as equitable distribution and alimony, but retaining the services of an attorney is highly recommended. The goal of equitable distribution is to divide marital property in a manner that is ultimately fair, but not necessary equal.
Factors the court considers
If you and your spouse cannot agree on how to divide your properties and assets, your divorce may become a highly involved process. Our firm thoroughly understands all aspects of matrimonial and family law and has been providing New York City clients with reliable counsel for more than a decade. In addition to assisting you with property and asset valuation, a divorce attorney at our firm can further explain the factors the court considers regarding equitable distribution:
- Current income of both parties
- Duration of the marriage
- Health of both parties
- Who will receive child custody
- Whether you or your spouse will pay alimony
- Contributions you and your spouse made to the marital estate, including any services provided as a homemaker
- Financial circumstances of both parties after the divorce
What property can be divided?
In New York, the court is concerned only with marital property during the equitable distribution process. You and your spouse may keep your property that is separate from your marriage. Marital property is anything you and your spouse acquired during your marriage. Examples of property considered separate from your marriage include:
- Property you or your spouse received or acquired before the marriage
- Gifts received by one spouse prior to or during the marriage
- Inheritances acquired prior to or during the marriage
- Injury awards
- Property characterized as separate in a prenuptial agreement
- Property acquired from the profits or appreciation in value of separate property, unless that appreciation is partly the result of the efforts or contributions of one of the spouses
Why you need an attorney
Obtaining an accurate evaluation of an ongoing business enterprises poses one of the greatest obstacles to equitable distribution. Current value is often debatable, and future worth is highly speculative. At Bernfeld, DeMatteo & Bernfeld, LLP, we help countless clients across the city with the most complex property division matters. When you seek our help, we waste no time in determining the value of your marital property and devising an effective litigation strategy.
Consult with an experienced divorce lawyer today
If you require professional, experienced divorce help, contact Bernfeld, DeMatteo & Bernfeld, LLP today by phone at 646-880-4689 or online to schedule a free initial consultation. Our office is easy to reach by public transportation and we have flexible hours.