The New York State Divorce Laws Community Property, also known as the Supreme Court of the State of New York, is responsible for handling divorce cases in the state. The court operates under the principles of equitable distribution, which means that marital property will be divided fairly and justly between the spouses based on several factors, including income, earning potential, financial needs, age and health, standard of living, length of marriage, and tax consequences.
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New York State isn't a community property state; instead, it follows equitable distribution in divorce cases. This means marital assets are divided fairly, but not necessarily equally. Unlike quirky state laws like Wisconsin’s ban on serving margarine in restaurants without customer request, New York's approach ensures a fairer asset split. For more insights, consult Sevens Legal.
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