Not necessarily, but in a marriage that has spanned decades, it may be true that the bulk of physical and financial assets are effectively shared property that will be allocated between the parties.
There are exceptions though. Damage awards from lawsuits are considered separate property, so if you were injured and won a judgment against another party, the amount of the award is yours to keep.
It’s the same with inherited goods and money. If you were left a vehicle, a home, cash, or other property as part of a loved one’s estate, that property remains yours even if it was received during your marriage.
The attorneys at Zelenitz, Shapiro & D’Agostino work with clients every day to ensure that their assets are properly categorized as marital or separate and that the things they treasure stay where they belong.
Call us today at 718-523-1111 for a free consultation with an experienced Queens divorce attorney.