New York Law (NYLE) Practice Exam

Which of the following is subject to equitable distribution in Joe and Rebecca's divorce?

1. A. Rolls Royce.

2. B. Residential property in Manhattan.

3. C. Motorcycle.

4. D. Stock.

The correct answer is: A. Rolls Royce.

In the context of equitable distribution during a divorce in New York, all of the assets listed can potentially be subject to division. However, the correct choice emphasizes the principle of equitable distribution, which applies to marital property acquired during the marriage. The Rolls Royce, as a luxury vehicle, qualifies as marital property if it was purchased during the marriage with marital funds. In New York, the law supports the notion that assets purchased during the marriage are typically considered for equitable distribution unless otherwise proven. Therefore, the luxury vehicle falls under this category and is subject to division between Joe and Rebecca. The residential property in Manhattan, motorcycle, and stock can also be subject to equitable distribution if they meet the criteria of marital property. However, the Rolls Royce exemplifies a clear instance of an asset specifically involved in the divorce proceedings as it is often viewed as a significant asset representing wealth accrued during the marriage. In summary, the Rolls Royce is highlighted because it serves as an unmistakable indication of a marital asset that is subject to equitable distribution, emphasizing the evaluation of high-value items during the divorce.