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In a division of assets divorce new york is a crucial aspect governed by the principle of equitable distribution. Marital assets, ranging from property and investments to income and retirement accounts, are divided fairly, considering factors like the duration of the marriage and financial contributions of each spouse. This process distinguishes between marital and separate property, ensuring a comprehensive and just allocation. Accurate valuation of assets, addressing debts, and considering future financial needs are integral elements of this division. Navigating the division of assets in a New York divorce demands a clear understanding of these principles and often involves legal representation to ensure a fair and equitable resolution. |
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