New York is an equitable distribution state, which means that each spouse is entitled to a fair share of assets, including real property. In an equitable distribution, assets do not need to be divided 50/50 but in a manner that allows both spouses to share in the marital investments.
To seek a divorce modification in New York, a party must file a petition with the court. Both parties involved will have an opportunity to present their case.
Q: How Many Years Do You Have To Be Married To Get Alimony in New York, NY? A: New York does not have a specific amount of time that a couple must be married before either spouse qualifies for spousal maintenance.
Yes, you can amend a marital settlement, with both parties agreeing.
A divorce decree could be invalid if a judge's decisions were based on incorrect information or if the judge made errors affecting the outcome. If one party concealed assets or debts from the other, that could be grounds for appeal or modification.
A: There is no set amount of time spouses must be married to receive alimony, and there is no amount of time spouses must be married to guarantee alimony. However, the longer a marriage is, the more likely it is that the court will award spousal support.
New York follows an “equitable” distribution rule with respect to any property acquired during a marriage. This means that if the parties cannot agree how to divide their assets, a judge will do so taking into account a number of factors to ensure a fair, but not necessarily equal, distribution.
New York's equitable distribution law specifies that you are entitled to a division of all “marital property” assets that were acquired during the marriage. With few exceptions, marital property generally includes both spouses' income, purchases made with that income, and retirement benefits.