When couples divorce in New York, the court follows the principle of equitable distribution in dividing up property and assets. This means
New York State Divorce Laws Division of Property and debts are distributed fairly and equitably, but not necessarily equally 50/50. The court considers factors like each spouse's income, age, health, need, and contributions to the marriage. Separate property that each individual owned before the marriage is usually not subject to distribution. Marital assets like the home, retirement accounts, investments, and businesses get divided through either an agreement or court order. The division aims to avoid giving one spouse an unfair economic advantage after the divorce is finalized under New York's equitable distribution laws.
