New York City divorce lawyers Ethan Steward and Martin Mohr (https://www.newyorkfamilylawgroup.com/blog/who-gets-the-apartment-in-a-divorce/) release a new article explaining who will get the apartment after a divorce in New York. The lawyer mentions that buying or building a home in New York is not easy. When a couple decides to divorce, New York law advocates for equitable sharing of marital property. This means that everything acquired during the marriage has to be split between the couple.
According to the article from the New York City divorce lawyers, “The most straightforward way is to sell the apartment and share the equity with your spouse. If neither of you wants to retain the house and you both want a fresh start, then selling the apartment is an ideal option. However, if there are kids who are still under your care, this option might not work well with them, given that they’re already facing a significant crisis in their lives.”
Attorney Martin Mohr explains that when children are involved, the court will often decide that the apartment will be kept by the custodial parent. When the kids are all grown, the parents can agree to sell the house. This can be the best scenario for immediate emotional security, especially in a rented apartment.
Family law attorney Ethan Steward further adds that the parents can also sell the apartment while they are separated. This situation may not be easy, however, it can also be difficult to agree on who will own the house or how it will be sold.
In the article, the lawyers add, “Alternatively, you can consider the costs of keeping an apartment in New York. Ensure you understand everything involved in keeping the house, including maintenance, mortgage, repair, and possible taxes. Once you establish the cost per year, figure out what happens if you decide to sell it in the future. If you are likely to gain financially, you may want to keep the house and sell it later.”
Lastly, the lawyer emphasizes the importance of having a skilled child support attorney when dealing with matters such as child custody and visitation. A skilled lawyer may be able to help the parents understand their roles and responsibilities in the divorce and help them come to a favorable agreement.
About New York Family Law Group
New York Family Law Group is founded by attorneys Martin Mohr and Ethan Steward. Combined, the lawyers have over 30 years of experience in dealing with New York family laws. They aim to give their clients skilled representation and educate them about their rights while navigating the complicated terrains of family law-related matters. Contact them today at (718) 293-1542 to schedule a consultation.
New York Family Law Group
910 Grand Concourse Suite 1F, The Bronx, NY 10451, United States
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(718) 293-1542
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New York Family Law Group
Martin Mohr
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New York Family Law Group
910 Grand Concourse Suite 1F, The Bronx, NY 10451, United States
