Licenses, Degrees, and Professional Practices/Businesses in NY Divorce Actions

Rincker Law Family/Matrimonial Law Leave a Comment

New York uniquely classifies a spouse’s enhanced earning capacity (a professional degree or license) or professional practice or business as an asset for equitable distribution purposes.  In order for enhanced earning capacity or interest in a business or professional practice to be considered during equitable distribution, it must be “marital property.”  For example, a license or degree is marital property …

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