Please direct all inquiries to East Meadow Office

Law Offices of

The Financial Center at Mitchel Field
90 Merrick Avenue, Suite 520
East Meadow, New York 11554

Suffolk County Address:
180 East Main Street, Suite 308
Smithtown, New York 11787

 
Phone: (516) 542-9000
Fax: (516) 542-2039

Russell I. Marnell, P.C.

Long Island Divorce, Custody, and Family Law Attorneys

View Mr. Marnell's resume

Family Law Question of the Week

Sunday, July 6

Question:
What date of valuation does a Court typically use? Is it the date of the divorce trial or the date the divorce action was commenced?

Answer:
It depends on whether the asset is an active asset or a passive asset.

An active asset such as a business or a pension which is the result of one of the spouse’s efforts is generally valued as of the commencement date of the divorce action.

On the other hand, a passive asset such as a house or a stock account in which deposits are not made subsequent to the commencement date are typically valued as close to the trial date as possible.


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Divorce and Custody Law Firm - Law Offices of Russell I. Marnell, P.C.

Attorneys and lawyers concentrating in divorce, custody, paternity, child support, and all other family law
serving New York, Long Island, Queens, Nassau County, and Suffolk County.

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