Property And Asset Division; Making Those Difficult Decisions Together
One of the most complicated parts of a divorce is dividing up your assets. Each person has a different idea of what they are entitled to, and it can become quite complex. Lee A. Rubenstein has worked with clients throughout New York for 35 years. Our team understands how overwhelming this can be and are here to make sure you are protected moving forward.
Knowing The Difference Between Separate And Community Property
We are an equitable distribution state. This means that the court will look at all of your assets and split them as per what they think is fair. In many cases, it doesn’t mean everything is cut right down the middle. Anything acquired during your marriage is subject to division, from property to cars and pension plans. Where things get tricky is how your separate property comes into it. Separate property is anything you owned or received prior to your marriage. This is what you walk away with and don’t have to share.
For many people, asset division can be confusing. A good example might be your family home. Say you bought your home before you got married. Your spouse moved in, you had children and lived there together for some time. Now that you are separating, you might think that you get the house since it was yours before entering your union. However, your spouse contributed to the mortgage over the years. They may have used their money to make improvements. This is where cases get complicated. Our firm can work through the options with you and discuss potential solutions for everyone involved.
Don’t Wait Any Longer; Call Today
Our job is to represent your best interests in property division during divorce mediation or in front of a judge when necessary. Without a knowledgeable attorney, you could be leaving valuable assets behind. To schedule a consultation and discuss your options, call our office in New York City at 212-279-3467 today. You can also fill out our contact form.