Did You Help A Spouse Obtain An Advanced Degree?
Your Contribution Should Not Go Unrewarded
It’s a story that has played out countless times over the years: In the early days of a marriage, one member of the couple takes a job — sometimes a rather unglamorous one — in order to put his or her spouse through school. One spouse supports the other through years of study toward a medical degree, a law degree or another professional degree.
Ultimately, the couple reaps the rewards of the enhanced earnings capacity afforded to them by this early sacrifice. If the marriage should head toward divorce, however, the spouse who provided the impetus for a successful enterprise might not realize that the investment made so many years ago makes him or her partially responsible for the end result.
Lawyers Who Can Evaluate The True Value Of Marital Property
At the New York practice of Peter Morris Law, attorneys with extensive experience in family law matters understand how early contributions to a marriage are valued and irreplaceable building blocks of success later on. It is necessary to evaluate professional degrees during divorce to account for the early contributions made by the lesser earning spouse.
An advanced degree, whether a medical degree, a law degree, an MBA or another similar graduate degree, greatly enhances a graduate’s ability to prosper. It is only fair that the partner who made that possible should benefit from that as well if the marriage is dissolved.