Why You may Need a Business Valuation Expert in Your New Jersey Divorce

September 20, 2021

When it comes to marital asset division in a New Jersey divorce, you may need help determining the value of a certain property, namely a business. While bank accounts have defined values, other assets depend on various factors to arrive at a value. Take art collections, antique vehicles, and a family business, for example. Finding an objective value for any of these assets takes expertise in the field of art, antiques, finances, and marketing. To evaluate a business in divorce […]

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Is My Spouse Entitled to Share My Inheritance or Family Heirlooms in a NJ Divorce?

June 2, 2021

When a couple decides to divorce or dissolve their civil union, everything the spouses own must be classified as either separate or marital property. Inherited money and property is an important element in this determination. Although the court will equitably divide the marital assets, according to New Jersey statute N.J.S.A. 2A:34-23(h), money or property inherited during the marriage by just one spouse isn’t usually considered marital property, so it isn’t divided during the divorce. So, in short, you do not have […]

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Savings and Alimony

February 26, 2019

In the recent case of Lombardi-v-Lombardi, the New Jersey Appellate Division addressed the issue of calculating alimony when there is a historical precedent of both parties regularly saving money.  The divorcing couple’s annual income was approximately one million dollars.  During the divorce litigation, it was evidenced that their monthly spending was approximately $17,000, and additionally, the couple saved about $60,000 per month.  After a drawn trial, the divorce court awarded the wife a spousal support settlement in line with the […]

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