Accounting for Law

Time after time: extending the limitation period for equalization

By Andrew Feldstein

This case highlights the test for an extension of the limitation period for equalization, as well as the test to determine valuation date. The parties were married in 1994 in a union that lasted for fourteen years. In that time, they had two children together. Their relationship broke down in 2008 and in January 2009, the wife moved out of the matrimonial home. At this point, the two children were nine and twelve years old. The matrimonial home was sold, but due to the high level of marital debt, each party made only a small sum on the sale. Read More at Feldstein Family Law Group Blog

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