Equitable Division of Marital Property in New York

New York City Divorce Lawyer Explains

Video Transcript:

Rob Rosenthal:

What does equitable distribution mean when you're getting divorced in New York? Let's ask New York City lawyer Carla Barone for an Ask The Lawyers Quick Question.

Carla Barone:

Equitable distribution is what is considered... Just what it says, equitable, what is fair, what is a fair division of the assets? A large misconception is that equitable means equal or 50-50, that is not the case, although in long-term marriages and on the balance of the additional 14 or so factors that New York will consider in equitably dividing a marital estate. The length of the marriage is certainly one of them. Which could tend toward a 5050 division, however, equitable just means fair and it does not mean equal.

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