It’s very interesting about how we define what their fair share is. To some people, it needs to be 50%. To other people, it’s, “I need to be able to live comfortably and I don’t want to bankrupt my other spouse because I recognize that if that happens, I’m not going to be able to receive the amount that I’m supposed to receive.”
The most important thing is that people treat each other fairly and they provide the information and documents, and that they’re open and honest about what the business is actually worth, what income the business actually spins out, and at the end of the day, realize that both parties need to move on with their lives and go forward in the manner that’s the most productive for each of them.
Alison C. Leslie, Esq. practices family law exclusively in her Morristown, NJ offices, where she offers her clients the individualized attention of a solo practitioner with the experience of a larger firm.