Answer: In order to get a divorce in New York you must have ” grounds” (See earlier answers discussing what constitutes “grounds”.) Assuming that you have legal “grounds” to divorce, the court would normally consider the duration of the marriage in determining the division of marital assets. If you acquired these medallions prior to your […]
Answer: In order to get a divorce in New York you must have ” grounds” (See earlier answers discussing what constitutes “grounds”.)
Assuming that you have legal “grounds” to divorce, the court would normally consider the duration of the marriage in determining the division of marital assets. If you acquired these medallions prior to your marriage, and kept their ownership in your name only and did not use marital assets to pay any loan on them, they should be considered “individual assets” and not included in the marital estate.
There may be other resolutions of your problem. Please call me at 212-370-1660 to discuss the matter in greater detail.
Leonard M. Weiner, Esq./Divorce Solutions