Equitable Distribution of Property
SPLITTING PROPERTY FAIRLY WITH EQUITABLE DISTRIBUTION
In community property states, each spouse has equal ownership interest in all property acquired or owned by a couple during the marriage, which is split evenly in the event of a divorce. In equitable distribution states such as New York, property acquired individually during the course of the marriage is divided fair and equitably, but not necessarily equally, between both spouses.
Having a New York attorney familiar with property division laws can ensure you receive the fairest settlement.