What Does Equitable Distribution Mean in New York?

Accel Admin   July 28, 2015   Comments Off on What Does Equitable Distribution Mean in New York?
  • Equitable distribution is the way that courts in New York divide marital assets upon divorce or separation.
  • Equitable distribution does not mean 50/50 as it does not mean equal, it means fair.
  • The court can fashion allocations between parties of marital assets, which based upon facts and circumstances, the court believes is fair.
  • Parties are free to agree how to allocate their assets any way they want; for example one party can walk away with the pension and the other party can potentially walk away with the house, as long as they are of equal value.
  • The court would not decide that, rather, they will divide the assets up 50/50.