Usually it’s considered marital property.
Marital property is understood by New York courts as all income, assets, and debts acquired during the marriage, whether with joint funds or separate funds.
It doesn’t matter whether your name alone is on the deed or title, odds are very high that the judge will consider the property to belong to the marriage.
There are some exceptions, such as money or property that is inherited, or legal judgments or settlements that one spouse wins.
Aside from that, you should expect that the property you purchased will be part of the negotiations for distribution of assets.
That doesn’t mean you’ll lose that property, though.
The attorneys at Friedman & Ranzenhofer have decades of experience in developing divorce settlements that protect the things our clients care most about.
Call us today at 585-484-7432 and talk to an experienced Rochester divorce attorney for free.
