If you’re still married when you make a major purchase like a home, your spouse can make a claim against the value of the home on the basis of it being marital property.
New York is an equitable distribution state, which means that if you purchase a house or apartment during the marriage, the court may award your spouse a portion of the value of the home.
You could, in effect, end up paying for it twice, or even lose it entirely to pay the debt.
The better option, if you’ve decided it’s time to buy a property, is to begin your divorce and talk to your attorney about the appropriate time to make a purchase like a home in Brooklyn.
By being careful and strategic right now, you can save yourself money and keep control of your investments.
Call the attorneys at Zelenitz, Shapiro & D’Agostino today at 718-725-9601 to talk to an experienced Brooklyn divorce attorney for free.