chrisevan

New York is not a community property state for divorce; it follows an equitable distribution system. Community property and equitable distribution are two different legal frameworks that govern the division of marital property during divorce proceedings. In community property states, such as California and Texas, most assets and debts acquired during the marriage are considered community property and are typically divided equally between the spouses upon divorce. This means that each spouse is entitled to a 50% share of the marital assets, regardless of individual contributions or circumstances.