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Marital property must be divided in every divorce. Many couples make these decisions themselves (with or without the help of a neutral third party such as a mediator). However, if they cannot agree, they can submit their property dispute to a judge who will use New York law to divide the property.
New York is an equitable-distribution state; therefore, unless you signed a prenuptial or postnuptial agreement, you will divide your property in an equitable fashion. However, this does not necessarily mean an equal division of your assets. Your assets and debts will be divided in a manner that fairly represents each party’s contribution to the marriage.
The New York Property Valuation lawyers of Leeds Morelli & Brown will work with you to ensure that the division of your property is fair and equitable. We will help you assess the value of your assets, including properties and businesses, and make decisions regarding your assets and liabilities. You will need to decide whether to sell your home or agree to a buyout with your spouse. You will need to decide how to divide your debts. We will also help locate any assets your spouse may be hiding.
Leeds Morelli & Brown, located in New York, is familiar with property valuation and will negotiate a settlement agreement in which company ownership, stock and stock options, bonuses, copyright and licensing ownerships, large homes and estates are at stake.
Leeds Morelli & Brown represents couples in family law matters involving divorce, legal separation, annulment, spousal support, child custody, visitation, child support, paternity, prenuptial agreements and postnuptial agreements in Long Island, Nassau County and Suffolk County. Call us at 1-800-585-4685 or 516-873-9550