Is New York a community property state?

Full question:

Is New York State a community property state?

  • Category: Husband and Wife
  • Subcategory: Community Property
  • Date:
  • State: California

Answer:

No, New York is not a community property state. It follows an "equitable distribution" model. This means that during a divorce, property and debts are divided fairly and equitably, but not necessarily equally.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

New York does not recognize community property. Instead, it uses equitable distribution. This means that property acquired during the marriage is divided fairly, but not necessarily equally, based on various factors like the length of the marriage and each spouse's financial situation.