By Randy S. Margulis | Published January 29, 2024 | Posted in Family Law | Tagged Tags: commingling, equitable distribution, marital property, prenuptial agreements | Comments Off on Defining Separate vs. Marital Property in Equitable Distribution
Equitable distribution is the legal framework used to divide property during a divorce in New York. Only property that is deemed marital in nature is subject to division. Generally, marital property includes assets and debts acquired by either spouse or both during the marriage. Separate property consists of assets acquired before the marriage or after Read More
Read MoreA postnuptial agreement is similar to a prenup, a popular way to decide money and property issues at the start of a marriage rather than leave them for resolution during a divorce. Postnups — created after the parties are married — work much the same as prenups, but they are subjected to a higher level Read More
Read MoreDuring a crisis such as the COVID-19 pandemic, family becomes more important than ever, especially for children whose schedules have been disrupted by long-term school closures and the cancellation of other activities. Parents who are divorced or live apart for other reasons know the importance of maintaining healthy communication through difficult situations. Though this situation Read More
Read MoreGoing through a divorce is stressful enough, but the coronavirus pandemic spreading throughout the United States presents additional complications for spouses who have decided to split. In addition to changes that might need to be made regarding custody and visitation arrangements while travel is restricted, negotiations over property division need to address any new economic Read More
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