What is the equitable distribution law?
The division of assets and debt, and the fixing of spousal support, are covered under New York’s Equitable Distribution law. This statute is based upon the concept that marriage is both an economic and social partnership. Property is distinguished by whether it is separate, or pre-marital and generally not divisible, or marital and subject to division based upon equitable principles. Alimony under New York law is referred to as maintenance, and is based upon certain factors set forth in the domestic relations statute.
