New Jersey Divorce : Equitable Distribution
Does "equitable distribution" mean "equal distribution"? Sometimes yes, sometimes no. When it comes to the division of professional practices---especially those solely built by one spouse without the active assistance of the other spouse---New Jersey courts typically do not award half of this business asset to the non-titled spouse. In this case, the trial court awarded the wife a 40% interest in her husband's medical practice. This discretionary decision was then affirmed on appeal. Garrett v. Garrett, New Jersey Appellate Division, December 8, 2004,
Comments