Essentially, I believe that the law will be applied identically, regardless of the gender of the divorcing couple. That means that equitable distribution will be the method of dividing marital assets and liabilities. The court will review the assets acquired by the couple during the course of the marriage. The court will also consider all liabilities incurred by the couple during the course of the marriage. Unless justification exists for other than a 50/50 division of the assets and liabilities, the court will equally distribute to both parties half of the assets and half of the liabilities. Assets include real property, motor vehicles, retirement accounts, businesses, and investment accounts. With respect to alimony, the court will also review the financial circumstances of the parties in determining whether an award of alimony is appropriate. In making that decision, the court will look to certain factors such as: the standard of living established during the marriage, the length of the marriage, the financial resources of the parties, the disparity of income between the parties, whether one of the parties will be primarily caring for the minor children of the marriage, and the impact upon the earning ability of the parent providing for the child or children. The court will also consider the health of the parties and the age of the parties in coming to a conclusion of whether an award of alimony is appropriate.
This publication is provided by Greenspoon Marder LLP is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.
This website uses cookies to improve functionality and performance. If you continue browsing the site, you are giving implied consent to the use of cookies and tracking on this website. See our Privacy Policy for details. Accept
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.