Is New York A Community Property State for Divorce

Chrisevan26 Sep, 2023Legal

New York is not a community property state for divorce; instead, it follows the equitable distribution system when it comes to dividing marital property during divorce proceedings. Here's a description of what this means: Equitable Distribution: New York, like many other states in the U.S., adheres to the principle of equitable distribution when dividing marital assets and debts during a divorce. This means that marital property is not automatically split 50/50 between the spouses but is divided in a fair and just manner, taking various factors into consideration.