Pashman Stein Walder Hayden Partner and Chair of the Family Law Group, Tracy Julian was interviewed by New Jersey Business Magazine in the article, "Attorney's have New Tools to Navigate Divorce." Tracy Julian discusses the fate of business assets following a divorce.
"If title to the business lies with one spouse, the second spouse would be entitled to a share of the value of the business, but not literally the business or business assets," Tracy Julian, who chairs Pashman Stein Walder Hayden's Family Law Group in Hackensack, says.
"The business is typically both an assest subject to equitable distribution and a source of income to the parties. The goal is usually to preserve the business and ensure continued income as the parties’ are relevant to related discussions concerning alimony and child support," Julian says. "Generally, the parties work to keep the goose that lays the golden eggs healthy as a future income stream."
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