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Is my business or professional practice subject to Equitable Distribution in New York?

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Is my business or professional practice subject to Equitable Distribution in New York?

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Yes, as long as it is acquired during the marriage. Businesses, professional practices, and enhanced earning capacity attributable to the attainment of a career, or professional license, educational degree, profession or license is considered “property” subject to equitable distribution upon a divorce in New York.

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