Which type of property is generally considered marital property subject to equitable distribution?

Marital property, under New York law, is defined primarily as property that is acquired during the marriage, regardless of whose name is on the title. This includes income earned, real estate purchased, and any other assets obtained while the couple is married. The rationale behind this classification is that assets acquired during the marriage are typically seen as the product of the couple's joint efforts and contributions, meaning that both spouses have a rightful claim to them.

In contrast, property acquired before the marriage is generally classified as separate property, which is not subject to equitable distribution upon divorce. Similarly, gifts between spouses may also be considered separate property if they are given to one spouse specifically and are not intended to be shared. Inherited property, unless commingled with marital assets, is also treated as separate property. Thus, the key aspect of marital property is its acquisition during the marriage, making it subject to equitable distribution, reflecting the idea of fairness and equity in the division of assets at the time of divorce.