Under New York State Divorce Laws Marital Property encompasses assets acquired during the marriage, subject to equitable distribution upon divorce. This distribution does not necessarily entail an equal split but rather a fair allocation based on various factors. Marital property includes income, real estate, investments, and personal belongings acquired during the marriage. Separate property, such as assets acquired before the marriage or through inheritance, is typically exempt from distribution. Understanding these laws is crucial for individuals navigating divorce proceedings in New York State to ensure fair treatment of marital property.

New York State Divorce Laws Marital Property