| Do Not Forget Your Credit |
Recently the the Appellate Division held that payment of premarital debt with marital funds should be credited as an asset of the marriage. This case is extremely important. If graduate school loans for medical, dental or law school were paid during the marriage, or your spouse's student loans for college were repaid, you are entitled to a credit. Read the following case and be enlightened: In Mahoney-Buntzman v Buntzman, --- N.Y.S.2d ----, 2008 WL 2066586 (N.Y.A.D. 2 Dept.) Supreme Court, among other things, fixed the wife's her distributive award at $2,467,151.43, awarded her 35% of the value of certain shares of stock and stock options issued to the defendant by his employer, and awarded her durational maintenance of $2,500 a month for 15 months.
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Posted By Brian D. Perskin on August 23, 2008 10:23 am | Permalink  |