Asset Division and Divorce in Long Island

Long Island Divorce Lawyer

The division of assets and property in a divorce can be complicated and a difficult matter to deal with. With the knowledgeable, aggressive representation of a Long Island divorce lawyer to represent your interests, however, you have the opportunity to handle asset division in such a way as to protect your interests now and in the long run. There are various different issues to consider in regard to asset and property division, and an attorney with the experience and resources to handle your case can help you seek the best possible outcome.

What is Asset or Property Division?

Asset division is a term that refers to the dividing of money and property in a legal separation or divorce. This may be accomplished in two different ways: inside or outside of court. In an uncontested divorce or divorce mediation, both parties will reach their own agreement regarding property division. This is often helpful in various ways, allowing spouses to come to an agreement that works for your individual situation. For example, sentimental value may be taken into account or even just the preference of one or both parties. When the terms of a divorce or separation cannot be agreed upon without court intervention, it may need to go to trial.

When a property division matter goes to trial in family court, the principle of "equitable distribution" will apply. This does not mean that property will necessarily be divided 50/50 but rather will be divided fairly.