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Litigation
Equitable Distribution
Where a large disparity existed between the parties' incomes, the pension of the less-monied spouse was not distributed; he was not required to pay the college expenses of their children and he was entitled to share in the wife's business interest. Redgrave v. Redgrave, No. 95967, Supreme Court of New York Appellate Division, Third Department, Dec. 30, 2004.
At the time of the divorce, the husband, a retired police officer, had a pension totaling $20,000 per year and earned $34,000 per year at another job. The wife earned $273,000 per year and had an 8% interest in a title insurance company. The appellate court affirmed the trial court's findings that the wife was not entitled to share in the husband's pension and that the husband was entitled to 50% of the wife's share in the title insurance company. It also found that the husband was not obligated to contribute to the children's college expenses.
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