Buffalo Divorce Lawyer Reviews Equitable Distribution
As an experienced Buffalo Divorce Lawyer, in the divorce process everyone’s wondering what’s going to happen to the assets? What’s going to happen to the debt? How are these things going to be resolved? The standard that the court uses is titled equitable distribution. What that generally means is a fair distribution of assets and liabilities. It may not always seem fair to the parties as they go through the process, but what the court is looking to in terms of equitable distribution is where did an asset come from, who’s funds came into obtain that asset, and then what happened to that asset through the marriage. It’s very important to know when we’re talking about how things are going to be distributed whether an asset came from before the marriage or during the marriage. You’ll hear the term separate property or marital property, and that helps the court to determine equitable distribution. The court is looking to equally divide marital assets as well as marital versus separate property liabilities.
Are you about to file for divorce and want to know more about equitable distribution? If so, contact experienced Buffalo Divorce Lawyer Rebecca Talmud.