Divorce Law : Equitable Distribution

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  • Everything does not get divided equally among the two parties
  • Assets that are acquired during the course of a marriage are considered to be marital assets
  • If you receive a gift or inheritance during the marriage, it will not qualify for Equitable Distribution
  • A home, personal property, investments, and savings accounts will split these between the parties during a divorce
  • Pensions, 401k plans, and retirement benefits entitles you to a percentage of these assets, depending on how long you were married, and how long you were involved in the investment
  • The division of assets can typically be worked through between the two parties rather easily

This video was provided by Randy Gugino, an experienced Buffalo Divorce Attorney.

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