Division of marital property can be as complicated as you want to make it. Know that the court will be looking for an equitable distribution of the property, assets, and debts that you accumulated during the marriage, but other factors apply.
If a judge were to make a decision on your property division, they would consider things like each spouse’s age, the length of the marriage, each spouse’s earning potential now and in the future, and the health status of each spouse.
If one spouse gave up a career or educational opportunity to become a stay-at-home Mom or Dad, that will be considered as well.
The assets and liabilities should be divided in a way that is fair, but not necessarily in a way that is equal.
You and your spouse can save a lot of money, time, and anger if you’re able to work together to negotiate an equitable division of your assets.
The attorneys at Zelenitz, Shapiro & D’Agostino can be beneficial mediators during these discussions, and can ensure that any agreement you sign on to protects your interests in the long term.
Call us today at 718-725-9601 for a free talk with a Brooklyn divorce attorney.