Manhattan Asset & Property Division Attorney

How is Asset Division Determined?

Finding out how your assets, property and debt will be affected in a divorce or legal separation is an important issue to consider. In an uncontested divorce or divorce mediation, you and your spouse may reach your own agreement regarding these issues, taking your own preferences and needs into account when reaching a decision about asset division. In a contested divorce, the judge will make a ruling regarding the division of property and assets. In either situation, the outcome may have a profound effect on you personally and financially.

Whether you are negotiating asset division or are facing courtroom litigation on the matter, it is beneficial to involve a Manhattan divorce lawyer. With the proper legal knowledge and resources, an experienced lawyer can conduct a complete investigation of all property, assets and debt involved in order to make an accurate determination of how your interests and financial needs should be represented in your case. Your lawyer can then take the necessary action to present this information to your spouse, your spouse's attorney or the court in order to seek the best possible resolution.

When the court is involved in an asset division case in Manhattan, the judge will divide property based upon the principle of "equitable distribution." This does not mean that the property will be divided exactly in halves but rather involves the fair distribution of marital property between spouses. Whether your case will need to be resolved by a judge or if you are working out an asset division agreement with your spouse on your own terms, it will be helpful to have a complete understanding of your rights and obligations in the matter; and this is where an attorney comes in.

Manhattan Divorce Attorney for Asset Division