New York divorce laws regarding property division follow an "equitable distribution" model, which means that marital property is divided fairly but not necessarily equally between spouses. Marital property includes assets and debts acquired during the marriage, regardless of whose name is on the title. Separate property, such as assets owned before the marriage or inheritances received by one spouse alone, is usually not subject to division. Courts consider various factors when dividing property, including the length of the marriage, each spouse's income and contributions, and the future financial needs of both parties. https://srislaw.com/new-yo...
3 months ago