Answer: To properly answer your question I must know what state your friend is living in, how long she was married, in which state she and her husband lived together and where his business and other property is located.In New York State, and in most states in the United States, there is presently some form […]
Answer: To properly answer your question I must know what state your friend is living in, how long she was married, in which state she and her husband lived together and where his business and other property is located.In New York State, and in most states in the United States, there is presently some form of community property or equitable distribution which would provide your friend with approximately 1 half of all of the property acquired during the course of the marriage regardless of whose name the property is in, with certain specific exceptions such as for property individually inherited and kept separate from marital property, etc.If in fact she contributed her money to his business, she would have a stronger claim to half of its value.You do not indicate the amount of money involved. But if it is significant, it is worth contacting an attorney-mediator to help negotiate a fear and equitable resolution of their separation.Your friend should enter into a formal Separation Agreement with her husband to legally separate their interests; otherwise, the problems will continue to arise time and again. If she is located in New York, she should give me a call at 212-370-1660.