A Property Division Lawyer Can Help You Divide Your Asset
If you and your spouse do not have any kind of prenup or postnuptial agreement in place, a property division lawyer can still assist in dividing your assets. By working with a lawyer, you can get to know the laws of your state and what you may be entitled to. It is crucial to make sure that you have someone who can assist in getting you the compensation you deserve during a divorce. You may have certain family heirlooms that are special and that you want to keep. Items like jewelry, furniture, artwork, or even real estate may be special to you and more important than their financial value. Or, you may want to keep retirement accounts or stocks and bonds for yourself following a divorce. A property division lawyer can look at instances like these, or even negative things like debt to determine what each party should walk away with following a divorce.
Protect Yourself By Hiring a Property Division Lawyer
Do not hesitate to reach out to a New York property division lawyer from the Law Office of Daniel Clement to see how we can be of assistance. Whether you want to help protect assets before getting married, or need someone to go over your assets with you following the divorce papers being served, you need someone who knows the laws of the state on your team. We will go over everything in great detail to ensure you leave the divorce feeling like things were divided as fairly as possible. Do not wait – the sooner you decide to protect your rights, the more likely you will have a favorable outcome in your divorce settlement.
Navigating Property Division in Divorce
A New York, NY property division lawyer understands that divorce is a life-altering event that often brings complex legal challenges, with property division being one of the most significant. In such emotionally charged times, it’s essential to have a trusted legal partner by your side. At the Law Office of Daniel Clement, we are here to guide you through the intricate process, ensuring your financial interests are protected.
Understanding Property Division
Property division in divorce refers to the process of dividing assets and debts acquired during the marriage. It can encompass a wide range of assets, including real estate, bank accounts, investments, retirement funds, personal property, and even businesses. Each state, including New York, has its own set of rules and guidelines for property division.
New York follows the principle of “equitable distribution” when dividing marital property. Equitable does not necessarily mean equal; it means fair. The court considers various factors to determine what is fair, including the duration of the marriage, each spouse’s financial contributions, and the economic circumstances of each party.