Properly Dividing Marital Property; Getting What You Deserve
In divorce cases, many things in couples’ lives come under scrutiny. And that includes assets and finances. Marital assets are the ones accumulated during the marriage. They may consist of homes, vacation properties, motor vehicles, investments and retirement accounts. It’s marital assets that are subject to equitable distribution during a divorce proceeding.
You want to make sure that you retain your fair share of the assets the two of you acquired during the marriage. You will need a seasoned and skilled family law and divorce attorney who comes to the table prepared to negotiate, but always ready to litigate. In Advocate, LLP, in New York City, you get a problem-solver who will fight for you.
Marital Assets Subject To Distribution
Nonmarital assets — those tallied individually and before the marriage — are not subject to equitable distribution. However, every single asset accumulated during your marriage is targeted for proportionate distribution between the soon-to-be former-spouses. They may include:
- Homes, residences, condominiums, vacation properties and investment properties
- Retirement assets from IRAs, 401(k)s and related accounts
- Stock, bond and mutual fund investments purchased during the marriage
- Co-owned or family-owned businesses that may have seen the market value increase
- Motor vehicles
- Personal property such as jewelry, artwork and collectibles
The attorneys at Advocate, LLP, have strong credentials and are highly respected by their legal peers. Jason A. Advocate has 25 years of legal experience and has made the Super Lawyers list for the past six years dating back to 2014. And attorney Katherine A. Chesnut has made the Rising Star list for three consecutive years since 2017.
Call A Reliable And Aggressive Law Firm Now
The division of property is a crucial part of a divorce settlement. Any asset accumulated during your marriage is subject to proportionate distribution. Advocate, LLP, in New York City, is a law firm with decades of experience. For an initial consultation, contact the attorneys or call 212-776-1926.