What are the laws in New York regarding property distribution?
In New York State, property is distributed through “equitable distribution”. Property is first classified as either “separate” or “marital”. Generally, property acquired prior to the marriage is separate property and property acquired during the marriage is marital property. There are exceptions to these general rules. New York’s property law is more complicated than most states and it is imperative that you hire an attorney who understands the vast exceptions under marriage acquired during the life of the marriage.
In New York State, property is distributed through “equitable distribution”. Property is first classified as either “separate” or “marital”. Generally, property acquired prior to the marriage is separate property and property acquired during the marriage is marital property. There are exceptions to these general rules. New York’s property law is more complicated than most states and it is imperative that you hire an attorney who understands the vast exceptions under marriage acquired during the life of the marriage.
