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Property Division Archives

What do I need to know about property before divorce?

A divorce is never an easy thing for a couple to go through, even if the proceedings are amicable. Although children of a marriage that is breaking up are the most important and often most divisive issue in a divorce, the division of property from a marriage is usually a close second for parents.

Correcting a mistake in marital property division

Other than children, division of martial property is probably the most important and contentious part of a Long Island divorce. Both spouses must be ready to demonstrate their claims to marital property if they are not simply -- or amicably -- dividing property acquired during their marriage.

Protecting your retirement plan is important during divorce

One of the things you may fear about your divorce is the possibility of losing your retirement savings. You've saved up for years to make sure you'll have a comfortable retirement, and the idea that your hard work was in vain is almost too much to handle. Fortunately, there are ways that you can protect your retirement.

What can I do if I’m not happy with my property valuation?

It is very common for a property owner to challenge the valuation of their property. One of the reasons for this is that the tax implications of the valuation can be dramatic. Usually as a property owner you are allowed to meet with the assessor to present your case. It is important to remember that mentioning that your taxes are too high as the basis of your argument will never help your case.

Property division rights during a New York divorce

When a couple marries in New York, it is assumed that any money or property acquired during the marriage is marital property. This means that it belongs to both parties. Any money, investments or property acquired by either person prior to the marriage is considered separate property. Certain property can be kept out of the marital property label by the couple signing a prenuptial or postnuptial agreement.

Thursday, March 22, 2018

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