Enhanced Earnings, How Much Do I Have to Give Up?
All property acquired during the course of a marriage is considered marital property. What many people do not realize is any license or degree obtained during the marriage can be valued and divided between the parties. What this mean in non lawyer talk is, ” Did your wife or husband go to law school or medical school and earn a degree, it could be worth a small fortune. Did your wife go to school to become a registered nurse or a physicians assistant or get somebody get an MBA or become a Certified Financial Planner, these degrees could have significant value. The Fourth Department recently awarded…….
A husband twenty percent of his wifes license with 9 percent interest. Read this case and see how it is done.
Supreme Court, Appellate Division, Fourth Department, New York.
LARRY G. MARTINSON, PLAINTIFF-APPELLANT,
MICHELLE R. MARTINSON, DEFENDANT-RESPONDENT.
September 29, 2006
PRESENT: SCUDDER, J.P., KEHOE, SMITH, PINE, AND HAYES, JJ.