When two people decide to go their separate ways, the assets and debts of the marriage must be divided. Located in Buffalo, New York, the attorneys at Venzon Law Firm PC understand the financial impact these decisions can have on each spouse’s financial security.
Working closely with our clients and outside financial experts, we develop property division plans that ensure our clients get a fair and equitable division of marital assets and debts.
New York is an equitable distribution state: the goal is to equitably distribute all marital property. It is important to note that equitable distribution does not necessarily mean equal distribution.
Division of assets and establishing spousal maintenance are covered under equitable distribution law. The statute is founded on the philosophy that a marriage, especially one of long-term duration, is an economic as well as a social partnership.
During a divorce, property must be classified as either “marital” or “separate” property. Marital property is all property acquired during the marriage (regardless of how title is held), except inheritance, certain gifts from third persons, compensation for personal injuries and property acquired after the start of a divorce action.
The lawyers at Venzon Law Firm PC are educated and experienced professionals who will focus on your financial goals and facilitate an equitable distribution of all assets such as real estate, motor vehicles and other property. We assist in creating a debt division plan that is fair and achievable after your matter is concluded.
Contact our divorce attorneys today for help dividing marital assets and debts. Call us at 716-854-7888, toll free at or contact us online.