Lester v. Lester, A-5812-06T3
Jul 15, 2008OUTCOME: Affirmed trial court opinion in favor of client
Before their New Jersey divorce, the parties verbally agreed to acquire a "handyman's special" home, renovate and resell it, and split the profits equally. The ex-wife calculated her one-half equity sh ... are at $40,500, based on an appraised value of $775,000, less costs of purchase ($522,000) and renovations ($172,000). She was awarded $40,500 plus costs, based on the hypothetical sale of the property. The New Jersey divorce judge's decision is affirmed. In fact, the case is remanded for a determination of how much the ex-husband must now pay for the ex-wife's counsel fees.
