Wasserman v. Wasserman (Appellate Division, Second Department)

The Appellate Division determined that even though the court had properly distributed 50% of the value of Plaintiff’s business interests to the Defendant, they modified the payment terms, to avoid the Plaintiff having to liquidate assets in order to satisfy the order. They also affirmed the amount and number of years of maintenance to the Defendant wife and denied Plaintiff’s request for a credit for his separate property contribution of the down payment on the marital residence as he failed to properly establish the source of the separate funds.