Long Island Divorce Lawyer
About Asset Division
Protection of assets becomes a priority when dealing with the dissolution of any marriage. The New York law addresses the division of assets based on "Equitable Distribution". This means if any assets were acquired during the marriage or before separation and divorce the courts become the determining factor when an agreement cannot be reached between the parties involved. For this reason, it is not only a very important step to have an experienced legal team representing your best interests, it is vital.
As the law determines what is considered separate property, the New York law is also designed to determine what assets are to be split between each party. However, Equitable Distribution is not meaning an exact split of value, but the law directs the division to be as equal as possible. Marital assets typically include the automobiles, income earned from professional accreditations attained during the marriage, retirement plans, pensions, or the like, as well as other marital belongings.
The Importance of Skilled Legal Counsel
Before any agreement is made with regards to anyone's right to an asset, one should meet with a qualified, experienced Long Island divorce attorney specifically seasoned in asset division. Meeting with a professional will allow for an experienced evaluation as to what the courts will recognize as separate. This refers to working out the specific the assets belonging solely to the individual prior to the marriage, after the separation or divorce. Separate assets may include gifts received by others outside of the married couple, inheritances, individually or separately owned valuables, personal injury proceeds, and pensions specifically for disability.
Handling this process on your own or worse, without the proper knowledgeable representation can leave your assets potentially devastated. Thorough understanding of the legal system is one of the most important factors to safeguard what is rightfully yours. Initial consultations are free of charge. Our attorneys have the know-how, and experience that comes with over 20 years of specifically dealing with marriage dissolution and property division matters. These important and often complex financial matters demand the assistance of a seasoned attorney from our firm to protect your best interests. Contact a lawyer from The Law Offices of Scupp & Berman, LLP for high quality, personal legal services to resolve property division matters.