divorce attorney in Huntington

How Are Equitable Distribution Of Assets Decided?

While you are going through your divorce process, you will want to make sure that you are getting a fair outcome for what you’ve worked hard for. The most common question while going through a divorce is who gets what? Most of the time throughout a divorce there are assets you earned separately or before you were married and assets that you attained while you were married. So how do you make sure you’re getting a fair deal? Our divorce attorney in Huntington, NY at Simonetti & Associates can make sure you get expert advice when handling your divorce to ensure that you get a fair distribution of your assets.

Typically in a divorce, the New York court system will first decide on what is considered marital property and separate property for distribution of assets. They will also use other factors such as the length of your marriage, your income, or even the financial situation of each spouse when the divorce is finalized. Our divorce attorney in Huntington, NY will be able to research and go through your assets to help you discern between marital and separate property so you know what you are entitled to.

Marital property:

This includes property that you and your spouse purchased during the marriage, not including any funds you may have used to pay from separate property funds. This would also include any personal property that was purchased during the marriage such as cars, boats, or furniture. Marital property would also include any cash, bank accounts, security, or retirement accounts that were established during your marriage. If you have any additional questions about marital property our divorce attorney in Huntington, NY is here to help.

Separate property:

This includes property you owned prior to marriage as well as any property you were given as a result of inheritance or gift from someone other than your spouse. Separate property would also include any property that you have a written agreement between you and your spouse defined as separate. This would also include any compensation if any, that you received for any injuries during the marriage that is not related to loss of wages. If you have any additional questions about separate property our divorce attorney in Huntington, NY can assist you.

Getting a divorce is stressful, our divorce attorney in Huntington, NY at Simonetti & Associates can make sure the process is as easy as possible while making sure you know all of your options to get a fair and equitable divorce. Contact us today so we can help you.