What is Property Distribution?
Property distribution is also known as equitable distribution. Typically, when a couple divorces the marital property obtain while they are married is divided. This division can either be done by mutual agreement, property settlement or by a judge’s decree. However, Equitable Distribution is not the same as an Equal Distribution. For example, when a couple divorces and the wife is a stay at home mother, the husband’s share of property may be less than 50% as compensation to the wife for having to go back to work. Most of the time there are a combination of factors that the courts usually consider such as:
- Duration of marriage
- Prior marriage of either party
- Prenuptial agreement
- Station in life
- Amount of Income
- Vocational Skills
- Marital assets
- Marital liabilities
- Custodial provisions
Generally, misconduct does not have an effect on the decision of property distribution. Fairness is the prevailing guideline that is used by most courts to divide property between the divorcing couples. But, when there are many factors to consider it can become a very complicated process and specialized attorneys are needed to protect the rights of both parties.
Unfortunately, the dissolution of marriage is life changing. During these trying times, everyday life can become extremely stressful and cause a lot of pain. In addition, it can cause emotional and financial pressures that can turn your world upside down. When a couple decides to divorce there is always the issue of marital property. Usually, the division of property is fairly equal, however sometimes this is not the case. Instead it leads to more anguish and turmoil. If you or a loved one realizes that separation or divorce is unavoidable and you need advice concerning property distribution, consult with an attorney as soon as possible. It is important to hire an attorney that is experienced in property division issues and will provide outstanding legal guidance and representation during your time of need.
If you are seeking a separation or divorce you may want to contact a property distribution attorney. A specialized property distribution attorney will answer your question and help develop a strategy for your legal issues. Furthermore, an attorney will investigate possible hidden assets and help you become aware of your options.
How to find a Long Island NY Property Distribution Attorney
Drossman & Associates have talented and trustworthy attorneys that have experience in divorce law and property distribution. Our attorneys realize that divorce cases are all different and property distribution has many factors that need to be addressed. Therefore, our attorneys take time understanding the case; listens to clients need and then provides the legal guidance and options that are available. At the same time, our attorneys give undivided attention, individualized service and shows respect to every client. We understand that our clients have emotional and financial strain and we are prepared to defend their rights and bring resolution that is for their best interest. Our goal as a firm is to give each client quality service and resolve their legal issues without breaking the bank. In addition, we will aggressively fight to protect our client’s interests and attain the best outcome for current and future needs.
Drossman & Associates specialize in Divorce, Family Law, Guardianship and Property Distribution. Since 2005, Jennifer Drossman has built the reputation of having a successful boutique law firm. Drossman & Associates is small enough to focus solely on the client’s needs and large enough to give top notch legal advice. Our firm effectively represents our clients because we have a wide range of resources, investigators and expert witnesses at our disposal. Drossman & Associates have over 10 years of experience handling all types of family law matters including alimony, separations, divorces, property distribution, child support, child custody & visitation. Complete the evaluation form or call the office at 1-516-708-1970 and speak with one of our specialized property distribution attorneys. Your information is confidential.