Divorce Lawyer in Buffalo

Handling Matrimonial Law with Compassion

Divorce can be a difficult and emotional process, particularly for high-income or high-asset holding business owners and professionals, who have a lot at stake. The prospect of losing what you have worked so hard to create and earn can be overwhelming, and concerns over paying for children's education and other family expenses can add to the stress and frustration. 

At The Glennon Law Firm, P.C., we understand what you are going through, and we are here to help. Our firm is highly experienced in matrimonial law and divorce services for business owners and high-income professionals with complex assets, employment, and private equity issues in their marital estate. We know how to navigate the complex legal landscape to guide you through the divorce process and onto the next chapter of your life. 

It is crucial for those undergoing a divorce to have a robust legal team that not only understands the letter of the law but is also attuned to the emotional complexities and nuances of matrimonial law. Our team is committed to providing a supportive environment while offering strategic legal advice to ensure that your personal and financial interests are protected. By understanding the unique challenges presented by high-net-worth divorces, such as intricate asset distributions and the protection of business interests, we offer valuable support during a challenging time.

Contact our Buffalo matrimonial law firm - we are one of the highest-rated firms in the area for a reason. Call (585) 294-0303 today!

NY Divorce & Matrimonial Law Issues We Represent

Our Buffalo high-net-worth divorce firm is well-equipped to handle a wide range of issues that may arise during the divorce process, including:

• Property Division aka Equitable Distribution: Our firm can assist you with the division of assets, including business equity, stock options, private equity, and other complex assets.
• Maintenance and Child Support: We can help you understand how maintenance and child support are determined in New York State and work to negotiate an outcome that is fair and reasonable.
• Executive Compensation and Equity Distributions: Our team has extensive experience with executive compensation and equity distributions, whether vested or unvested RSUs, and can assist with valuation, negotiations, and cases related to these assets.
• Future Income and Career Prospects: It is a little-known fact that future compensation rights can become an issue in a divorce. We also understand how divorce settlements can impact future income and career prospects for high-income professionals and business owners, and we work to protect your future earning potential. We work to achieve your goals.
• Prenuptial and Postnuptial Agreements: We can prepare nuptial agreements in Buffalo before or after your wedding. We can also handle divorces successfully when a prenuptial agreement is involved. 

Clients also benefit from our proactive approach in financial planning during divorce proceedings. This involves not only managing current finances but also preparing for future financial stability. Our divorce attorneys guide clients in creating a realistic budget post-divorce and advise on long-term investments and financial decisions to ensure enduring financial health.

Mediation & Alternative Dispute Resolution in Buffalo

Alternative Dispute Resolution (ADR), including mediation, has become an increasingly popular way to resolve divorce disputes in Buffalo. This approach can be less adversarial, more cost-effective, and faster than traditional court proceedings. Mediation involves a neutral third party who helps both spouses come to a mutually satisfactory agreement on various issues, such as property division, custody, and support agreements. 

At The Glennon Law Firm, P.C., we advocate for mediation when it suits the client's situation. It allows both parties to maintain a level of control over the results and can preserve a cordial relationship post-divorce, which is beneficial, especially when children are involved. Mediation is not suitable for all circumstances, such as when there’s an imbalance of power between participants or in cases involving domestic violence. Our divorce attorneys in Buffalo ensure guidance is strategic, fitting the specific needs and dynamics of each family. 

Understanding Our Process with a Buffalo Divorce Lawyer

At The Glennon Law Firm, P.C., we believe that Personal Strategy Wins Every Time®. 

1. We Start by Listening to You. We want to hear and understand your concerns and what issues or topics are most important to you. 
2. Once we understand your goals, We Work with You to Create a Strategy to achieve your personal goals through professional negotiation and a deep understanding of human nature. 
3. Once the strategy has been determined, We Assist You in Accomplishing Your Goals. We lift the burden from your shoulders so that you may start thinking about the next chapter of your life, whether it's sailing, beaches, travel, housing, or hobbies.

Our approach is tailored to each client's distinct situation, ensuring that every strategy is as unique as the individual we represent. We counsel our clients through alternative dispute resolution methods when possible, which can be more conducive to maintaining amicable relationships and often quicker and less costly than traditional litigation. This commitment to strategic resolution can be particularly beneficial in family law matters, where long-term relationships often persist post-divorce, especially when children are involved.

Of course, We Have the Litigation Skills and Abilities Backing Us if your soon-to-be former spouse (or their attorney) is unreasonable. Let our Buffalo divorce lawyers help you through this difficult time and onto the next chapter of your life. 

Call (585) 294-0303 to learn more and set up an initial consultation with our Buffalo divorce lawyers.

Divorce Laws in New York

In Buffalo, divorces are governed by New York State laws which dictate the process and requirements for dissolution of marriage. This includes equitable distribution of marital property, which aims to divide assets fairly rather than equally. Factors such as the duration of the marriage, the age and health of both parties, and their earning capacities are considered. It’s crucial to have a comprehensive understanding of these laws to ensure your rights and interests are protected, especially when significant assets are involved. 

Additionally, New York is a no-fault divorce state, which means that one does not have to prove fault or wrongdoing by the other party to file for divorce. Most commonly, irretrievable breakdown of the marriage for a period of at least six months is cited as grounds. Understanding these legal nuances early in the process is essential for strategizing and anticipating outcomes effectively. Working with a reputable divorce lawyer in Buffalo will ensure that you are well-versed in your rights and responsibilities under local divorce laws. 

Navigating Emotional Challenges in Divorce

Divorce is not just a legal procedure but an emotional journey. The emotional strain can sometimes make rational decision-making challenging. It is essential for individuals to have a supportive network and resources available to help manage emotions during this time. The Glennon Law Firm, P.C. is committed to providing an understanding and compassionate legal service. We strive to reduce the burden by addressing both the legal and emotional aspects of divorce. 

We encourage our clients to consider counseling or therapy to help deal with feelings of loss, anger, or anxiety. Our role is to offer not only adept legal representation but also to connect you with support resources that empower you to navigate these emotional hurdles effectively. Combining legal advice with emotional support prepares you for a smoother transition into life post-divorce with the guidance of our experienced divorce attorney in Buffalo. 

Contact our Buffalo matrimonial law firm - we are one of the highest-rated firms in the area for a reason. Call (585) 294-0303 today!

Important Note on Confidentiality

We take confidentiality seriously and work to protect any confidential information related to your business or industry during the divorce proceedings. That is not something commonly done among family law or divorce lawyers. You can trust The Glennon Law Firm to handle your high-net-worth divorce or other matrimonial legal matters with the utmost discretion.

Confidentiality is a cornerstone of our practice, especially when dealing with high-profile clients or cases involving sensitive business information. Our adherence to strict confidentiality protocols means that clients can trust that their personal and professional details are safeguarded throughout the legal process.

Want to Learn More?

• For more information, listen to our Legalities & Realties® podcast episode on this topic, available here.
• Check out our relevant divorce and matrimonial law blog posts, available here.

Frequently Asked Questions

How Can I Protect My Business During a Divorce in Buffalo?

Divorce can pose risks to your business if it is considered a marital asset. It is vital to have a pre-existing prenuptial or postnuptial agreement that outlines the terms of asset division. If such agreements are not in place, the value of the business will need to be assessed to determine how it fits into the equitable distribution of assets. Legal strategies such as buyout options or trading other assets to retain full control of your business are often considered with the help of a skilled divorce attorney Buffalo professionals trust. 

At The Glennon Law Firm, P.C., we work closely with business owners to mitigate the impact of divorce on their businesses. We involve financial experts to accurately evaluate your business and develop strategies that protect your professional achievements. Understanding and preparing for these issues early, ideally even before marriage, can prevent much of the complexity during divorce proceedings. 

What Are Common Challenges in High-Net-Worth Divorces in Buffalo?

High-net-worth divorces often involve intricate financial details, including diverse asset portfolios that have to be divided equitably. These cases demand a keen understanding of asset valuation, tax implications, and potential future earnings. Common challenges include appraising privately held businesses, dividing retirement accounts, and handling complex investments such as stocks, inheritances, and real estate properties. 

Other factors such as public exposure, if one or both parties hold prominent positions, can add to the stress and complexity. It is crucial to engage with experienced legal counsel who can navigate these complexities while safeguarding your privacy and interests. At The Glennon Law Firm, P.C., we have the knowledge and resources needed to tackle these challenges comprehensively and discreetly with an experienced divorce attorney you can rely on. 

How Is Child Custody Determined in New York?

Child custody in New York is based on the best interests of the child, a standard that considers several factors. The child's age, health, and emotional needs, along with each parent's ability to care for the child, are examined. The court also evaluates each parent's living environment, the child’s primary caregiver history, and any impact on the child’s education or social life. 

Judges may also consider the child’s wishes, depending on the child’s age and maturity. At The Glennon Law Firm, P.C., we provide guidance to families navigating custody arrangements, focusing on creating a sustainable plan that accommodates the needs of both parents and the children involved. Our aim is to ensure stability and continuity for the children throughout and after the divorce process, offering the insight of a skilled divorce lawyer. 

What Is Spousal Maintenance and How Is It Calculated in Buffalo?

Spousal maintenance (also known as alimony) may be awarded to support a spouse financially post-divorce, based on several factors. New York State considers the length of the marriage, the income and property of each party, and the standard of living during the marriage. It also looks at whether one party had lower earning capacity due to taking time off to raise children or maintain a household. 

Spousal maintenance aims to support the recipient until they are self-sufficient, enabling them to adjust financially post-divorce. At The Glennon Law Firm, P.C., we assist in evaluating all relevant factors to advocate for fair and equitable maintenance arrangements, ensuring that decisions are made in the best interests of our clients working with a qualified divorce lawyer in Buffalo. 

How Does Divorce Impact Retirement Accounts in Buffalo?

Divorce can affect the division of retirement accounts, which are often among the most significant assets in a marriage. In New York, both defined contribution plans, such as 401(k)s, and defined benefit plans, like pensions, are subject to equitable distribution. To divide these accounts, a Qualified Domestic Relations Order (QDRO) may be necessary to instruct the plan on the allocation of benefits. 

We provide guidance on the preparation of QDROs and other related processes to protect your financial future. Our firm emphasizes the importance of understanding tax implications and potential penalties that could affect the division process. By meticulously planning and considering future income needs, The Glennon Law Firm, P.C. helps clients reach fair outcomes with the assistance of a knowledgeable divorce attorney. 

Contact our Buffalo divorce lawyer by calling (585) 294-0303 today to schedule a consultation for your matrimonial issues.