CT Divorce Law: Wife Awarded $6 Million, $60,0000 Per Month and Marital Residence

2012-06-06 | Peter K. O'Keefe
pkokeefe@jacksonokeefe.com

Category: Divorce

Peter K. O'Keefe

CT Divorce Law: Wife Awarded $6 Million, $60,0000 Per Month and Marital Residence

CASE:  Callahan v. Callahan

COURT:  Stamford/Norwalk J.D. at Regional Trial Docket in Middletown

DOC. NO.:  FA09-40173865S COURT OPINION BY:  Munro, J.

DATE:  May 8, 2012

 

A court may credit an expert’s testimony about valuation of a business.  The parties married in 1987 and have three children.  The wife’s therapist diagnosed her with battered women’s syndrome and post traumatic stress disorder.  The court credited the wife’s testimony that the husband allegedly was physically abusive, early in the relationship.  (The husband denied that he was abusive and claimed it was an accident.)  The wife, 52, started as a file clerk at a bank and worked her way up to assistant vice president.  The wife became vice president at Bankers Trust.  The husband, 43, worked at Salomon Brothers until his mentor left and then decided to establish his own investment, trading and brokerage businesses, the Pentalpha entities, with the wife.  In 1995, the husband owned 49 percent and served as the dealmaker.  The wife owned 51 percent and served s the office manager.  When the parties established a fourth business entity in 2005, the husband owned 100 percent.  The court rejected the husband’s claim that the Pentalpha entities are worth $600,000 and credited the testimony of Barry Sziklay, who valued the Pentalpha entities at $11.7 million.  The court awarded the husband the Pentalpha entities and ordered the husband to pay the wife $6 million, at the rate of $1 million per year.  Alternatively, if the husband sells the businesses within six months, the court ordered the husband to pay the wife 55 percent of the proceeds, provided that the husband pays the wife a minimum of $4 million.  The court awarded the wife $600,000, as an additional property distribution, the marital residence, $370,000 from the husband’s 401(k) and four motor vehicles.  The court rejected the husband’s claim that the wife did not require alimony and ordered the husband to pay alimony of $60,000 per month, until the wife’s death, marriage or cohabitation, whichever takes place first.  The court ordered the husband to pay the children’s college expenses.  The court awarded the husband property in New York, membership in a golf club, guns valued at $200,000 and motor vehicles valued at $270,000.  The court awarded each party additional investments.

For more information and resources on Connecticut divorce lawyers, see our divorce resources pages:

http://www.jacksonokeefe.com/general-practice/divorce-lawyers.htm

http://www.jacksonokeefe.com/wethersfield-ct-attorneys/divorce-lawyers.htm

http://www.jacksonokeefe.com/farmington-ct-attorneys/divorce-lawyers.htm

http://www.jacksonokeefe.com/southington-ct-attorneys/divorce-lawyers.htm

http://www.jacksonokeefe.com/east-haddam-moodus-ct-attorneys/divorce-lawyers.htm

http://www.jacksonokeefe.com/west-hartford-ct-attorneys/divorce-lawyers.htm

http://www.jacksonokeefe.com/cromwell-ct-attorneys/divorce-lawyers.htm

 

Connecticut Divorce, Family Law and Mediation Attorneys

 

If you are coping with Connecticut divorce or a paternity matter, or require a modification to resolve critical problems that have arisen afterward, it is essential to work with a Connecticut divorce lawyer who inspires your confidence and trust. Jackson O’Keefe understands what you are going through and understands the life-changing dynamics of families going through divorce. In divorces, and other family law matters, we understand how important it is to protect your rights and interests, and those of your children as well. In some situations, this may call for a more pragmatic approach designed to achieve desired solutions with a minimum of expense, delay and damage. In others, aggressively protecting your rights and taking your custody or alimony dispute to trial may be called for. In either case, we will not lose sight of satisfying your long-term goals.

Jackson O’Keefe represents and counsels individuals relative to Connecticut prenuptial agreements, separation, and Connecticut divorce and child custody issues. The attorneys in our family law section have been recognized by the Connecticut courts for their expertise and have acted as Special Master’s assisting other attorneys and individuals to resolve Connecticut divorce and child custody claims. Our wide experience in real estate and estate planning enables us to counsel our family law clients relative to a wide variety of legal issues. Jackson O’Keefe attorneys are dedicated to the practice of family law including divorce, legal separation, property division, custody, child and spousal support, paternity, litigation, pretrial litigation, mediation, pre-marriage issues, and post-divorce issues. Attorneys in our firm are adept at analyzing complicated financial situations, particularly complex business valuation issues.

Jackson O’Keefe Connecticut Divorce Attorneys and Child Custody Lawyers

Jackson O’Keefe handles divorce matters throughout the State of Connecticut, including clients in West Hartford, Farmington, Avon, Simsbury, Old Lyme, Ellington, Tolland, North Haven, Wallingford, Wethersfield, Rocky Hill, Cromwell, Bethlehem, Moodus, East Haddam, Hadlyme, Madison, Middletown, Hartford, Southington, Plantsville, Hartford County, New Haven County, Middlesex County, New London County and Litchfield County

CT attorney, divorce lawyer, Farmington CT lawyer, Southington, West Hartford lawyer, Wethersfield CT lawyer, family lawyer, Crowmell, East Haddam

 

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