Determining Equitable Property Division
During divorce, your family’s assets and debts are divided based on New York’s property division laws. Hall, Ricketts, Schuller & Gurbacki, P.C., has assisted three generations of East Aurora and Buffalo residents with complex property divisions, and helped protect their financial futures. Our skilled attorneys can carefully evaluate all of your family’s resources and strive to secure a beneficial split.
If you are considering divorce, call our experienced lawyers at 716-243-3515 for the quality representation that you deserve.
What Is Equitable Distribution?
New York is an equitable distribution state. This means that property is fairly, but not necessarily equally, divided during divorce. The court makes a determination based on a number of factors, including each spouse’s:
- Contribution during marriage
- Education level
- Earning and career potential
- Mental and physical health
- Alimony and child support payments
While there is no formula to determine distribution, our experienced attorneys can carefully value your property and promote your position in court.
Is Everything Divided?
During divorce, only marital property is divided. An individual retains any property that is legally determined as separate. While most assets, such as income or items purchased during marriage, are considered marital property, separate assets can include:
- Items detailed as separate property in a pre or postnuptial agreement
- Personal gifts
- Income generated from separate property
- Personal injury claims
Contact Our Lawyers For Skilled Counsel
We understand how important it is to protect your financial interests with fair property division. Our skilled lawyers will work closely with you through the process. We strive to secure a favorable settlement that protects your financial future.