REPETTI v. REPETTI (App Div, 2nd Dep’t)

Contrary to the defendant-husband’s contention that an award to plaintiff-wife of a 30% interest in defendant’s accounting firm in the sum of $480,000 was improper, the Appellate Court held in favor of the Supreme Court. The 30% share to the plaintiff properly accounts for her minimal direct and indirect contributions to the business while not ignoring her contributions as the primary caretaker of the parties’ children which allowed the defendant to focus on the business.

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