How Do New York Courts Divide Property?
In divorce litigation, a judge determines which former spouse will receive which marital assets. Marital property often includes assets like real estate, cars, furniture, bank accounts, investments and pensions. Separate property, such as inheritance or assets that you owned before the marriage, is not reallocated during property division.
If you have a valid prenuptial agreement, the court will base decisions upon its terms. Otherwise, the court divides property and debts according to equitable distribution. This means that each spouse will receive a fair, but not necessarily equal, award of marital assets. If you have questions or want to prioritize certain assets, we can help you.
Dividing Property Through A Divorce Settlement
Collaborative law can allow you and your former spouse to negotiate how to divide or liquidate property. Out-of-court property division can give you more control over the outcome.
Adria S. Hillman, Attorney at Law, P.C., frequently assists clients who have unique and high-value assets, such as:
- Businesses and personal brands
- Intellectual property and related income like royalties
- Multiple real estate properties
- Collections of artwork, jewelry, vehicles, antiques or memorabilia
- Diverse or valuable investments
Our Manhattan divorce lawyers have served executives, celebrities and professionals who have special financial circumstances. You can be confident that we will fully protect your interests when forming a property settlement agreement.
Advocating For Your Needs During The Property Division Process
Dividing property in a divorce can be one of the most significant steps in the entire process. Because your property could have high sentimental, practical or monetary value, the stakes are high.
At Adria S. Hillman, Attorney at Law, P.C., our attorneys are experienced with complex divorces and high net worth cases, and we are dedicated to serving clients in divorce cases of all types. We understand how to preserve the value of assets throughout the divorce and advocate for your financial goals.
Discuss Property Division With Experienced Lawyers
This step of divorce redefines your personal finances, and it can also redefine other aspects of your life. Make sure you set yourself on the best possible path forward. Contact us by email or at 646-960-8711 to receive thorough representation and personalized legal advice.