When couples get divorced and cannot agree on the terms of their divorce, oftentimes, their assets will be up for equitable distribution, and if you find yourself in this situation, you must hire a knowledgeable Nassau County property distribution lawyer who can effectively fight for what is rightfully yours. Contact Barrows Levy PLLC today to learn more about how our firm can assist you.
Nassau County Property Distribution Lawyer | Protecting What’s Yours
With so much on the line, including your vehicles, retirement assets, stocks, your home, and more, why settle with just any attorney? Our firm has helped countless individuals protect their hard-earned assets for years, and we are here to do the same for you as well.
Property Distribution in New York State
When a couple is in a contested divorce, many of their assets will most likely enter the equitable distribution process, wherein a judge will determine a fair and just distribution of your marital assets. You should understand that “equitable” does not always mean “equal,” which is why you need an attorney who is ready to tirelessly work to attain a favorable outcome on your behalf.
Marital Property vs. Separate Property
Here in Nassau County, courts recognize two types of property when it comes to the equitable distribution process: marital property and separate property. Marital property generally includes all property acquired during the course of a marriage, while separate property generally involves property that was acquired prior to or outside of a marriage, such as inheritances and gifts. In most cases, marital property is subject to equitable distribution, while separate property is typically exempt.
Factors Considered During Equitable Distribution
Nassau County courts consider a wide array of factors when determining which assets each spouse is entitled to, including the following:
- The duration of the marriage
- The age and health of both spouses
- The standard of living that was established during the marriage
- Both spouses’ yearly salaries
- Both spouses’ earning capacity
- The value of the property in question
That being said, you should understand that these are just some of the factors that the court will consider when deciding on how to divide your property, which is why you need a Nassau County family law attorney who can best present your case and work to attain a positive outcome on your behalf.
Contact Our Nassau County Property Distribution Lawyer
The bottom line is that if your assets are on the line, you need an experienced attorney who truly cares about you, your family, and your right to own what is truly yours. Contact Barrows Levy PLLC today to schedule your initial consultation with our firm. We are ready to assist you in any way we can.
