Setting Valuation Dates for Marital Property In Global Economic Crisis
"Setting Valuation Dates for Marital Property In Global Economic Crisis"
Publication: New York Law Journal, Volume 242, No. 73.
Published by: New York State Bar Association
Publication Date: October 14, 2009
Author: Allan E. Mayefsky
“After Wegman, trial and appellate courts, perhaps in an effort to create consistency and order, began categorizing assets as either “active” or “passive” and setting valuation dates based on this categorization-most often a date of commencement of the action for “active” assets, whose values are affected by the active participation of the title spouse, and a date of trial for “passive” assets, whose values are affected by outside influences such as inflation or market forces.”