What happens to the marital home in a Brooklyn divorce proceeding?
At The Louis Law Firm, PLLC , we understand that people have concerns regarding what will happen to the marital home when they go through a divorce. Some people want to protect the marital home and their spouse’s share of the home, but others want to keep living in the home and not be forced to sell it. Let The Louis Law Firm, PLLC explain what could happen to your home should you go through a divorce. New York is an equitable distribution State. The term “equitable distribution” does not necessarily mean equal. Generally, real estate property that is acquired during the marriage is split equally between the Husband and Wife. In a Brooklyn divorce, the issue of dividing real estate property can get complicated. For example, what happens when one party purchases real estate property while the parties are physically separated? Also, what if one party enters the marriage owning a real estate property and then adds his or her spouse’s name on ...