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How is marital property divided under New Yorks equitable distribution law?

April 26, 2017distribution divided equitable Law marital new york Property

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How is marital property divided under New Yorks equitable distribution law?

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In New York, marital property in is divided under the theory of equitable distribution. Under equitable distribution, the court may only divide marital property when the marriage is dissolved. Each spouse receives an equitable, or “fair” share of the marital property based on the overall facts of the case, based on the thirteen factors of Domestic Relations Law (DRL) 236B(5).