In New York State, the Division of Property is governed by equitable distribution principles, aiming for a fair rather than equal split. The court considers various factors such as the duration of the marriage, contributions of each spouse, and their respective financial circumstances. Prenuptial or postnuptial agreements, if in place, can significantly influence the division process. The court also takes into account any wasteful dissipation of marital assets by either spouse. Understanding the distinction between marital and separate property is crucial for a just division of assets in accordance with New York divorce laws. New York State Divorce Laws Division of Property