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July 2018 Archives

What Happens to a Timeshare During Divorce?

New York Is an Equitable Distribution State

Equitable distribution is legal principle that refers to division property and finances based on the relative needs and contributions of both spouses. This means when couples in New York get divorced, state courts attempt to divide assets as fairly as possible, which rarely means a 50/50 split, though equal distribution is still possible in some cases. Among other forms of property, the equitable distribution principle applies to real estate and timeshares.

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