Equitable Distribution Attorney in Long Island

What is equitable distribution?

When a couple files for divorce in Long Island, they must also decide how to divide and allocate marital property and assets.  New York law recognizes two types of property division during divorce, the distribution of marital property and separate property.  If you are considering filing for divorce, consult with a Long Island divorce attorney to ensure your rights are protected and your assets are properly divided.

Marital property is defined as all jointly held assets and properties that were accumulated during the marriage by either spouse.  It includes homes and real estate, time shares, cars, stocks, bank accounts, monetary investment and debt, jewelry, and furniture, just to name a few.  Despite the name on the deed of each property, all forms of marital property are subject to distribution during divorce.

Separate property, on the other hand, is just that.  Properties acquired by an individual before marriage or after a divorce is finalized are considered separate, and are generally not subject to equitable distribution and ultimately remain under the ownership of the original owner.  Separate property includes, but is not limited to inheritances, personal injury awards, and third part gifts.

Contact a Long Island divorce attorney today!

When the property division step of filing for and finalizing a divorce occurs, it will be imperative to have an experienced and knowledgeable equitable distribution attorney at your side.  At Kepanis Law Firm, the Long Island attorneys are well-versed in all aspects of family law, and will be more than capable of providing you with sufficient information to attain fair equitable distribution.  In cases where some of your separate property may be subject to equitable distribution, you will need the legal guidance of seasoned Long Island divorce lawyer at the firm to protect your rights and your property. 

For all of your divorce and property distribution concerns, please contact a Long Island equitable distribution attorney at the firm today.