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Home / Opinion Digests / Family Law / Stock properly classified for lump sum support award (access required)

Stock properly classified for lump sum support award (access required)

The trial court correctly classified stock in a family real estate business as a gift from husband’s uncle and therefore as husband’s separate property, which was not subject to equitable distribution. Further, there was no error when the court awarded wife a lump-sum support award of $1.3 million. The stock “[I]n order to establish the existence of a ...