How is property divided in a New York divorce?
New York is what’s called an equitable distribution state. That means that a court takes into account a number of different factors in order to try to make a good determination of what would be a proper distribution of the assets of the marriage. Some of those factors include the length of the marriage, the direct and indirect contributions of both parties to the accumulation of the asset.
It’s interesting. One thing that in New York is rarely taken to account and only in very extreme circumstances is fault, whether or not someone did something wrong to the other person, and that can sometimes be really distressing to a person who feels that they’ve been wronged in the marriage.