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The Matrimonial Strategist

Avoiding Tax Pitfalls in New York Real Property Transfers in Separation and Divorce

Most divorces involve the transfer of a marital residence between the parties as part of equitable distribution, especially when there are minor children who will continue to reside in the family home.There is a transfer tax payable on the transfer of real estate, including the marital residence, in connection with the implementation of the marital settlement agreement or divorce.

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