Separate Means Separate: Separate Property in New York
During a divorce, there is always the matter of dividing the marital assets. New York's Equitable Distribution Law is based on the concept that marriage is an economic partnership.
The Court of Appeals, the highest court in the State of New York, has held that "upon dissolution of the marriage, there should be a winding up of the parties' economic affairs and a severance of their economic ties."
The distribution of marital assets must be fair and equitable, but it does not have to be a 50/50 split. However, before one can divide the marital assets one must ...


