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February 2017 Archives

Marital property and separate property in New York

It can be tricky trying to figure out in which category your property falls when getting divorced in New York. There are two main categories: marital property and separate property. Determining which asset goes where is vital to the division of property in a divorce case.

Is your spouse hiding assets from you?

When spouses begin to think about divorce, financial considerations loom large for both of them. This is especially true when significant assets are involved. Although, like most states, New York mandates equitable distribution of marital property, divorcing couples often disagree as to what is equitable and which property should be considered marital. Some spouses take this disagreement so far that they begin hiding assets or income they do not want to share. Taking note of some common warning signs can alert you so that you can take action before all the assets disappear forever.

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