When family related issues reach a court of law, you need sufficient legal help. Like in a divorce case, there can be various points of dispute – distribution of property, spousal support, child custody and support. To reach a fair settlement and not be discriminated in any way – you require the help of a competent family lawyer.

The divorce laws of the state of New York dictate the ‘equitable distribution’ of the property post divorce. This implies that the marital property is divided between the two divorcing individuals based on what is fair.

Talk to your family lawyer if you want to know in details the division of the property. Here is a checklist of what may affect this division.

1. The duration of the marriage

1. The property and income of the individuals at the time of marriage as well as at the time of commencement of divorce proceeding

1. The age and health condition of the individuals

1. The loss of monetary advantages like pension rights and inheritance

1. The necessity of one individual to acquire certain assets, e.g. the individual taking care of the child may be given the right to the house

1. The character of the marital property, i.e. determining whether it is liquid or non-liquid

1. Wasteful dissipation of property in the past by either of the individuals

1. The consequences of the divorce on the financial position of the individuals

1. The effects of taxation on the marital property

There may be a number of other points of consideration in this regard. Every case is different and the associated factors are sure to vary accordingly. Get in touch with an experienced Long Island family lawyer to understand the details. Only he/she is capable of giving you a clear idea about the position of the case.

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