Bronx Property Division Attorneys
Our Property Division Lawyers Can Help You Get What You Deserve
Keeping your financial security following your divorce should be a top priority in your divorce plan. New York is an equitable distribution state, which means that the division of marital property is not an automatic 50 – 50 proposition. Having our experienced divorce attorneys handling your case on this matter can be invaluable. Our firm focuses exclusively on divorce and family law cases and our lawyers is familiar with how the local courts review and determine how property is managed after a divorce.
Is New York a Community Property State?
No, New York is not a community property state. New York is an equitable distribution state. Equitable distribution is a method to divide property between divorcing spouses which focuses on dividing the marital property fairly, not necessarily equally.
The judge presiding over the divorce will attempt to offer a fair outcome considering factors such as the duration of the marriage, each spouse’s age and health, and which spouse has primary custody of any children, among other factors. If you are going through a divorce, you need a property division lawyer on your side to make sure your needs are heard.
If you need a property division lawyer, contact The Franklin Law Firm today. Schedule your free consultation online, or call (347) 378-1170. Our divorce attorneys can give you the help you need.
Equitable Distribution and Marital Property in New York
Under equitable distribution, the division of property is done as fairly as possible, taking into consideration the financial status of each party along with a number of other factors. Because of this, it is more flexible but also can be more difficult to predict.
Depending on your situation, many things may need to be considered. These include:
- Retirement plans
- Health insurance
- College tuitions for children
- The marital home
- Expenses for children living at home
What if My Spouse and I Can’t Agree?
If you and your spouse cannot come to an agreement, the courts will decide for you. The court takes into consideration many factors about how to divide your property. These include:
- How long you have been married
- Any income or assets brought to the marriage by either spouse
- The income and earning power of each spouse
- The economic situation of each spouse following the divorce
- Who will be taking care of any children
In very complicated financial, asset, and property situations, it is important to have an attorneys who thoroughly understands the issues and works with you. We can help you with all of the legal details, such as locating and valuing property and negotiating the best possible settlement arrangement for your case.
What Property is Considered Separate and Not Subject to Equitable Distribution?
Any property that is acquired by one of the spouses as a gift or through an inheritance designated to them only, property acquired by either party prior to the marriage, property that is excluded by agreement between the two parties, and property acquired after a legal separation decree.
If you need legal assistance with the divorce-related issue of the division of marital property and debts in the Bronx, we urge you to contact our firm for a free legal consultation.
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"Done efficiently and in a thorough manner."Unfortunately, divorce is all too common these days. Thank God mine was uncontested and fairly simple. The entire process took 4 months.. I never had to go to court, and only had to visit the office twice. Done efficiently and in a thorough manner.- John D.
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"Very knowledgeable"Very knowledgeable attorneys who will go the extra mile.- Brandon S.
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"Great attorneys who listen and care"My case was a bit complicated but, I thank God that I was able to find the right law firm to represent me and help me get through such a difficult time. Everything turned out even better than expected. The prices are also great and reasonable.
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"He told me not to worry. He was correct. He handled everything. I would highly recommend him."Wayne F. Crowe, is an excellent attorney. He has a tremendous presence in the court room. He brings his experience and professionalism to every case. He helped me with a child support issue. He told me not to worry. He was correct. He handled everything. I would highly recommend him.- Marianne F.
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"They were very professional."If you are looking for a quick resolution to your dispute, questions answered in a timely and friendly manner, then this firm is for you! They were very professional and i will use this firm again if the need arose.- Tasha W.
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"This attorney is amazing"I'm not fond of attorneys but this guy is great. He'll answer your question(s) and there's no pressure of signing any contact. He'll tell you what the family court law is and he will fight for the best interest. This attorney is amazing. I will keep his name and telephone number on my iPhone and will recommend him to everyone that I know who would need his services. Don't think twice, this is the man.- H. Montero
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"The law firm of Wayne F. Crowe provided me with the legal support and strength I needed during my divorce."My divorce was smooth and I am extremely happy with the settlement. After the divorce Wayne and his team also provided me with the legal support I needed to terminate my child support obligations and gain sole custody of my children. I am very pleased with the services provided and the outcome could not have been any better.- Ranjee R.
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"They do what they say they are going to do and they will fight for your best interest. Please trust their judgment as it is a difficult process for everyone."I have went through a very difficult process. I went through two attorneys before meeting the Wayne Crowe Jr staff. I am so appreciative that I had the opportunity to have their staff work for me. I wish that I would have went to them first. Their staff Wayne, Caroline, Lee, Brian and Scott were all hands on and wonderful people. They not only cleaned up the mess the previous attorneys made. They were diligent, understanding and compassionate. I had the pleasure of having Caroline represent me and she is amazing.- Former Client
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