Rochelle G. v. Harold M. G.
This divorce action concerns the equitable distribution of marital assets, specifically the valuation of the Husband's law practice and professional license. Following the McSparron v McSparron decision, the court reopened the trial for additional proof on the license's value. The court determined the valuation date for the law firm interest to be the commencement date, July 30, 1992, rejecting the Husband's argument for a later trial date based on market changes. It extensively discusses methodologies for valuing the Husband's law license and enhanced earnings potential, ultimately concluding the marital asset value of the license for distribution is $1,547,000. The decision also addresses the anti-duplication rule regarding the license value and maintenance awards.