Albany Property Division Lawyer
Protecting Your Financial Future in Divorce Throughout Upstate New York
Dividing marital property and debts is one of a divorce's most critical and often emotionally charged aspects. Whether you are concerned about protecting assets you brought into the marriage or looking for a fair distribution of what you and your spouse acquired together, working with an experienced family law attorney who can guide you through New York’s property division laws is essential.
At Andrew H. Wood, Esq., PLLC, we understand the stress and uncertainty often accompanying marital property division. Your future financial stability may be at stake. We take a comprehensive and detailed approach to resolving this issue. Attorney Wood has extensive experience handling complex financial matters in divorce, including high net worth cases, business ownership or interests, and retirement accounts.
Our firm is recognized for clear communication, client respect, and confidentiality. We can work closely with you to develop strategies tailored to your goals and future needs.
Discuss your needs and concerns with our Albany property division attorney in a confidential consultation. Call (518) 712-6685 or reach us online.
How New York Handles Property and Debt Division
New York is an equitable distribution state. This means that when a couple divorces, the court divides marital property fairly and equitably, but not necessarily equally.
Unlike community property states, where assets are typically split 50/50, New York courts consider various factors to determine the most appropriate division based on the couple’s unique circumstances.
Trusted By Families Across the Capital Region
Real Experiences. Real Results.
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“During my divorce and child custody proceedings, Andrew was always available for me and kept me calm and focused during a most difficult time in my life. He treated me like a friend not a client.”- Joe G.
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“I immediately knew Andrew was the perfect person for my case. As you can imagine, the divorce was emotional and difficult but Andrew was so compassionate and understanding. Honestly, he went above and beyond.”- Former Client
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“Andrew listened without judging, gave sound advice, and communicated effectively throughout the process. He showed empathy, kindness, and confidence. With Andrew and his team, you are not just a number.”- Former Client
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“He got me through a very tough time -- and all in a very humane, validating and intelligent way -- and he got me what I required to have a serene and painless legal separation.”- Manish V.
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“Mr. Wood guided me through every step of the divorce process with patience and understanding, and made the process much more streamlined and manageable than I ever could have imagined.”- Amy S.
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“Andrew is an outstanding attorney. He understands his client's needs, he is respectful of your time and he doesn't waste it. He always had a sense of my priorities and I am so very thankful for the outcome.”- Former Client
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“I would highly recommend Andrew H. Wood for anyone going through a divorce. His confidence in handling this matter is evident throughout one of the most difficult situations life can throw at you.”- Brian S.
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“Andrew is professional, smart, and well respected by his colleagues. He eased my anxieties and fears. He handled my case with compassion and integrity and achieved a favorable result.”- Former Client
Marital vs. Separate Property
Understanding the difference between marital and separate property is key to the property division process:
- Marital property includes most assets and debts acquired during the marriage, regardless of whose name is on the title or account. This can consist of real estate, bank accounts, retirement savings, investments, and even debts like credit cards and mortgages.
- Separate property consists of assets owned by one spouse before the marriage, or inheritances, personal injury awards, and gifts received individually during the marriage. Separate property is typically not subject to division unless it has been commingled with marital assets or increased in value due to the contributions of both spouses.
Resolving Property Division Disputes in Divorce
Property division issues can be resolved through negotiation, mediation, or litigation if necessary. At Andrew H. Wood, Esq., PLLC, we often help clients reach favorable agreements outside of court, saving time, stress, and expense.
However, when a fair settlement cannot be reached, we are fully prepared to advocate for you in court to protect your rights and financial interests.
If you are facing divorce and concerned about protecting your assets and financial future, contact us at (518) 712-6685 today to schedule a consultation.
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Client-Centered & Honest
From your consultation to the final outcome, we prioritize clear communication and collaboration.
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Thorough and Detail-Oriented
Every case is custom-tailored with care, precision, and a commitment to getting it right for your family.
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Respected & Experienced
With over 18 years of legal experience and multiple awards, Andrew Wood has a track record of trust.
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Compassionate Advocacy
You'll get a personal, empathetic approach, but when it’s time to fight, we're strategic and prepared.