When you joined your life together as a married couple, you joined your finances together as well. Property and assets that were acquired throughout the length of your marriage are considered marital property and will be divided during divorce. It may have taken many years or decades to build your finances. You deserve to have a knowledgeable legal team on your side that can fully appreciate the work you put into your property, either as the main income earner or as a spouse who supported his or her spouse in other ways.

At Cobert, Haber & Haber Attorneys at Law, serving Nassau County and Long Island, we have more than 40 years of experience helping navigate clients through property division. We have handled many different types of divorces and are prepared to take on highly complex cases involving high net worth individuals.

What Is Considered In An Equitable Division Of Property?

In New York, property undergoes equitable distribution. The goal of equitable distribution is to ensure that property is divided fairly; not evenly. Marital property and separate property will need to be categorized. Marital property is property that was acquired during the marriage, including real property, cars, cash and retirement benefits. Separate property can include inheritance, compensation from a personal injury settlement and property that was owned prior to the marriage.

It is possible that one party may attempt to hide property from another party. For example, an individual may be self-employed and attempt to hide assets. Whenever necessary, we are prepared to partner with private investigators and forensic accountants to uncover hidden assets.

Factors that are considered when dividing assets in divorce include the following:

• Length of marriage
• Income of both parties
• Future earning potential of both parties, including professional licenses
• Age of both parties
• Standard of living acquired during marriage
• Nonfinancial contributions to marriage
• Other financial factors

Cobert, Haber & Haber Attorneys at Law can safeguard your financial future. We seek fair property settlement agreements that fully consider your financial and nonfinancial contributions.

Arrange Your Consultation With Our Nassau County Lawyers

Our experienced legal team can talk to you about your rights and options in achieving a fair property division. Call us today at 800-724-5209 or contact us online to arrange a consultation. We can arrange after-hours and weekend appointments by special request.