Attorneys Who Facilitate Property Division For Divorcing New York Spouses

Last updated on June 6, 2025

Divorce can require spouses to divide and untangle the assets and property they accumulated together. Depending on the spouses’ circumstances, the division of property, wealth and assets can be one of the more complicated matters for couples during a divorce. A property division lawyer can be invaluable.

With over 50 years of combined experience handling complex financial matters, including property division, in New York’s Family Court and Supreme Court, our attorneys at Fersch LLC are well-versed in all aspects of the property division process, from retirement accounts to real estate. We can use that experience and knowledge to keep your interests front and center during negotiations.

New York Law And The Equitable Division Of Property

The state of New York abides by equitable distribution laws. New York Supreme Courts seek to ensure equitable division of marital assets and debt distribution. An equitable distribution does not necessarily mean an equal division of assets and debts.

A judge can freely determine what “equitable” means in each case. That can include the manners and proportions of assets and debts marital spouses can split. For example, retirement accounts that are deemed to be marital property can be complicated to divide. Therefore, the equitable division of these accounts will require that they are fairly divided. The value of each spouse’s retirement assets will be similar, if not the same.

Declarations Of Separate Property

Separate property does not have to be divided between the spouses. When a separate property is declared, it could consist of an entire asset. It could also be part of an asset, where one party seeks a “credit” for a specific amount from the asset that is considered marital property. This generally occurs when one spouse uses funds a court does not consider marital funds. It can also include property that a spouse owned prior to the marriage. This issue commonly arises with regard to down payments on real estate purchased during a marriage, but it can occur in any form.

No spouses’ asset and debt makeups will ever look the same. Each couple’s unique wealth portfolio will determine how a judge interprets their circumstances. In a high net worth divorce, the equitable division of property can be quite complex. These cases also have the potential to become contentious. At our law firm, our divorce attorneys can help you better understand your situation, what you can expect and how you can pursue your desired goals and outcomes.

The Difference Between Separate And Marital Property In A New York Divorce

Protecting your finances in a New York divorce means understanding what qualifies as separate property and marital property. This distinction directly impacts how your marital estate will be divided.

Marital property encompasses all assets acquired during the marriage. This includes real estate purchases, investment accounts, business interests and even professional licenses. The court considers these assets as part of the joint marital estate and are subject to equitable distribution.

Determining what is marital property can be complicated when types of property overlap or when separate funds were used to enhance matrimonial assets.

Separate property, conversely, includes several categories of assets:

• Assets owned before marriage
• Individual inheritances received during marriage
• Gifts given specifically to one spouse
• Personal injury awards (in most cases)
• Property acquired with separate funds

While these assets typically remain with their original owner, the line between separate and marital property can blur. If the separate property appreciates in value due to marital contributions or if marital funds were used for maintenance or improvements, portions may become subject to division.

The tax consequence of property division can be substantial. Different assets carry varying tax implications when transferred or sold. Retirement accounts can trigger penalties, while real estate transfers have different tax ramifications than sales. With this knowledge beforehand, you can help prevent future financial complications.

Many couples attempt to clarify property ownership through a postnuptial agreement after marriage. These agreements help establish which assets remain separate and how future acquisitions will be classified. However, these documents must meet specific legal requirements to be enforceable in New York courts. If these requirements are not met, courts may assume assets are part of the marital estate, leading to disputes or costly litigation.

The complexity of distinguishing between types of property and understanding their legal implications makes caring legal guidance like ours essential. While we have witnessed some individuals handling property classification themselves, the potential for mistakes makes this approach risky. Mischaracterizing assets or failing to account for appreciation, commingling or tax consequences can result in significant financial losses.

Our experienced attorneys understand how property characterization affects your entire financial picture and the right legal approach to take.

Customizing An Approach To The Division Of Property

At Fersch LLC, we understand that the circumstances of your divorce are unique to you. We also know that how you and your spouse handle conflict may require a specialized strategy and approach. If you want to settle property disputes out of court, we can help facilitate that. You and your divorce attorney can discuss your case and determine how you wish to proceed. Some cases can be settled reasonably outside of a courtroom, however, we are more than prepared to take your case before a judge if that is necessary. However you wish to approach your case, we have the knowledge, resources, tools and skills to make it happen.

Attorneys Helping High-Asset Spouses In NYC With The Divorce Process

Divorce can take its toll on any couple; however, untangling their marriage can come with additional complications when couples have substantial wealth. When managing these complex assets, spouses need legal counsel who understands the intricacies of these assets and can facilitate a workable negotiation and division between spouses.

Our attorneys have over 50 years of combined experience protecting clients’ assets in New York’s Family Court and Supreme Court during high-asset divorce proceedings. We can help spouses with complex assets confidently handle their divorce and promote their goals and desires.

What Makes High-Asset Divorces More Complex?

High-asset divorces can become more complicated because of the amount and type of assets spouses own. Those assets can consist of the following:

• Retirement accounts like Roth IRAs
• Lucrative stock investments
• Vacation homes/other real estate investments
• Businesses
• Stock options
• Deferred compensation packages
• ROIs
• Family businesses
• Trust funds
• Luxury collectibles/heirlooms
• Luxury vehicles and watercrafts

Determining how to divide each item takes an attentive and skilled legal team that understands the complexities and tax implications of handling and splitting these assets.

When One Spouse Decides To Hide Assets

During their divorce, some may find their spouse hiding assets in a trust or another state or country. If you suspect your spouse is hiding assets, our lawyers can investigate to discover where spouses may be hiding them. We can find evidence of them hiding assets by subpoenaing financial records and reviewing:

• Tax records
• Bank account statements
• Business records
• Mortgage/loan applications

Spouses found to be hiding assets could face repercussions during the divorce process, as the judge may use that as a basis for awarding a greater share to the other spouse.

Consult A Property Division Lawyer Today

You don’t have to navigate dividing marital property alone. Our team can review your circumstances and help you choose a legal strategy that helps you advocate for your needs. Call 646-679-1456 or complete our online contact form to schedule a consultation with one of our New York City family law attorneys today – we look forward to speaking with you.