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In New York State, divorce laws adhere to the principle of equitable distribution, meaning marital property is divided fairly, though not necessarily equally, between spouses. Marital property includes assets and debts acquired during the marriage, excluding inheritances and gifts received by one spouse individually. Courts consider various factors when dividing marital property, including the length of the marriage, each spouse's financial contributions, and future earning potential. New York courts strive for an equitable distribution that reflects each spouse's contributions and needs post-divorce. Understanding these laws is crucial for divorcing couples to ensure a fair division of assets and liabilities.

New York State Divorce Laws Division of Property