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 MoreCongratulations — you’re engaged, or about to be. This is a time to celebrate, call friends and family and, if you are a business owner, check in with your lawyer. When you own a business it can be like coming to a marriage with another family. Your employees and business partners are all affected by Read More
Read MoreThere was a time when prenuptial agreements were the domain of celebrities or the wealthy. Times have changed, and prenuptial agreements are now common for couples of all ages anticipating marriage. Defined under Domestic Relations Law 236 (B) (3), a prenuptial agreement is a legal contract describing ownership and disposition of assets if a marriage Read More
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