By Randy S. Margulis | Published September 4, 2012 | Posted in Divorce, Property Division | Tagged Tags: Divorce, equitable distribution, inheritance monies, property division | Leave a comment
I work daily with individuals concerned about division of assets during their divorce. Properly valuing a marital estate is key to fair division of property at the end of a marriage. New York is an equitable distribution state, meaning without other agreement, a court makes property awards that equitably distribute assets and liabilities of the 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
Read MoreIn October 2010, legislation passed in New York to provide an additional ground for divorce. Irretrievable breakdown became the New York version of a no-fault ground for divorce. Although couples could previously divorce without declaring fault through legal separation for a year or more, the new ground enabled couples to move toward divorce with only Read More
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