Division of Assets
Serving clients throughout New York, including Queens, Kings, Rockland, Manhattan and Westchester Counties.
Divorce can be a stressful time that creates substantial uncertainties about your future. Among other concerns, financial stability is paramount. To ensure your marital property is divided fairly, it is important to hire an experienced Nassau County divorce lawyer.
At the Law Office of Tzvi Y. Hagler, P.C., we always keep your best interest in mind. We understand that while your divorce may resemble other divorces, your case is unique. You deserve an attorney who can handle your case with the personalized attention it demands.
Call (516) 514-3868 today to speak with a results-driven legal team.
Equitable Distribution of Marital Assets in Nassau County
Since New York is an equitable distribution state, when a couple divorces, their marital property must be divided fairly. This does not necessarily mean that there will be an equal split, however. The judge will consider several factors to make a judgment that is fair for both parties.
Marital Property vs. Separate Property
During a divorce, a court will only divide a couple’s marital property. In general, marital property refers to that property that has been acquired by the couple during their marriage. It can include income, retirement benefits, cars, houses, and any other assets obtained while they were married.
There are also assets that are referred to as separate property. These are assets that belong exclusively to one spouse or the other that will not be divided when a couple divorce.
For property to be considered “separate,” these assets must be one of the following:
- Property acquired before marriage
- Compensation received for injuries
- An inheritance given solely to one spouse
- Specifically delineated as separate property in a prenuptial agreement
- The proceeds or appreciation in the value of separate property, unless the other spouse contributed to that appreciation
Experience Makes the Difference
If you require reliable legal counsel during your divorce, turn to the Law Office of Tzvi Y. Hagler, P.C. Our Nassau County divorce lawyers have successfully guided many clients through the process of obtaining a fair property settlement. Let us put our experience to work for you.