Subscribe Feed (RSS)Enhanced Earnings as a Marital Asset
April 7th, 2009 by Amanda Kelly | No Comments | Filed in Matrimonial LawDid you know that your educational degree or professional license can be considered marital property within the meaning of the Domestic Relations Law of New York State?
It’s true, if acquired during your marriage and before the commencement of a divorce action or the execution of a separation agreement, your degree or license can be subject to equitable distribution. This simply means that your spouse may be entitled to share in part of the value that your license or degree represents, or in other words, the value of your enhanced earning capacity. Read on…
Tags: divorce action, enchanced earnings, enhanced earning capacity, equitable distribution, marital asset, martial property, McGowan v. McGowan, O'Brien v O'Brien, separation agreement
