Court Remands for Determination of Separate Asset’s Premarital Value

BVLaw
Court Case Digests
April 9, 2019
3949 Sporting and Athletic Goods, NEC
339920 Sporting and Athletic Goods Manufacturing
marital dissolution/divorce
equitable distribution, appreciation, separate property, marital property, gross profit

Fox v. Fox
2019 N.J. Super. Unpub. LEXIS 823; 2019 WL 1529333
US
State Court
New Jersey
Superior Court of New Jersey, Appellate Division
Unknown (joint expert)
Per Curiam

Summary

Appellate court affirms that increase in value of husband’s company is subject to equitable distribution but says trial court erred when it assumed company had zero value on the date of marriage because company then was not profitable; court remands for determination of company’s premarital value.

See Also

Fox v. Fox

Appellate court affirms that increase in value of husband’s company is subject to equitable distribution but says trial court erred when it assumed company had zero value on the date of marriage because company then was not profitable; court remands for determination of company’s premarital value.