QUESTION
Seems like I'm heading towards divorce. I sold both of my companies to my son. Can my wife still go after the companies?
Asked on Feb 25th, 2016 on Divorce - New Jersey
More details to this question:
I recently transferred my stock from both my companies to my son. It's looking like I am heading towards divorce. Since the businesses are no longer in my name, can my wife still go after them?
1 ANSWER
2 Awards
The proceeds from the sale could be marital assets. If you sold the businesses to your sons for a discounted price, there could be som e adjustment made for the true fair market value.
Answered on Mar 26th, 2016 at 5:20 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship