Representing the wife, McGrath Law Firm obtains successful Final Order from Family Division Court for client in a recent divorce matter. The case involved complex, financial issues such as pre-marital financial contributions, and valuation of business and investment accounts. The parties had no children, and the husband inherited a family business during the ten year plus marriage. The husband also brought in a sizeable investment account to the marriage, using a portion thereof for the down payment on the parties’ marital home – which had significant equity at the time of the divorce.
Husband argued that he should be put back in the same position financially as he came into the marriage, especially where the parties had no children. The Court questioned husband’s self valuation of his business asset, as well as his failure to fully account for the income generated from his investment account during the course of the marriage. The Court found in favor of the wife, awarding her the marital home without reimbursement to the husband as he requested, finding that the assets were marital assets and subject to equitable distribution. The Court denied the husband’s request to be put back to the same financial position as before the marriage, finding it was not a short term marriage and the parties undoubtedly both contributed financially over the course of the marriage.
Asset valuation is an important issue in a divorce matter and often the legal fees invested can save you money. Contact McGrath Law Firm to schedule a consult if you want to know your legal rights! Our highly skilled lawyers can be reached at (800) 283 1380 or (603) 224-7111 or visit www.mcgrathlawfirm.com to learn about your legal rights!! We get results!!