No, when you receive a damage award in a lawsuit, the court is ordering an at-fault party to compensate you for losses you have sustained.
In many cases, damage awards are designed to provide security against negative health outcomes from injuries.
Whether the damages are for medical expenses or something else though, the award is yours to keep and is not subject to distribution.
While most property you acquire during a marriage will be allocated among the two parties, some categories of property and money aren’t, even if you came into them during the marriage.
Aside from damage awards from lawsuits, money or property you inherited from a relative is also viewed as separate property.
There are many ways to resolve the distribution of assets, and the attorneys at Zelenitz, Shapiro & D’Agostino can help.
Call us today at 718-725-9601 for a free consultation.