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New York Divorce Laws Assets - Srislaw

New York Divorce Laws Assets require equitable distribution of assets, meaning a fair but not necessarily equal division of marital property. Marital assets include those acquired during the marriage, such as real estate, income, and retirement accounts. Separate property, like pre-marriage assets or gifts and inheritances, remains with the original owner. Courts evaluate factors such as marriage duration, each spouse's financial situation, and contributions to marital assets to determine a fair division. Legal guidance is crucial for navigating asset division.