Scher v. Scher (Appellate Division, Second Department)

The wife’s motion for a reexamination of her entitled share of the appreciated value of Home Companion Services of New York, Inc. was accepted and the court determined that the Supreme Court erred in its finding that the wife made no direct or indirect contributions to the business. Despite being incorporated three years before the marriage, Home Companion Services’ appreciation of value during the marriage was due in part to the actions of the wife, including her contribution as bookkeeper of the business for approximately seven years and her indirect contributions as homemaker and caretaker of one of the children from the husband’s prior marriage. The appellate court awarded 20% of the appreciated value of the business to the wife in the amount of $229,200.