In New York divorce law, marital property division is a crucial aspect of the dissolution process. The state follows the equitable distribution principle, aiming to fairly divide assets acquired during the marriage. Marital property includes real estate, financial accounts, and personal possessions. Factors such as the length of the marriage, each spouse's contributions, and their financial circumstances are considered in determining a fair distribution. While equitable does not always mean equal, the court seeks a just allocation based on these factors.
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