Author: Louis M. Ragone

Dividing Cryptocurrency in a New Jersey Divorce: What You Need to Know

By Louis M. Ragone on November 21st, 2024

Posted in Divorce & Family Law

Cryptocurrency has become an increasingly popular investment and asset class in recent years. As digital currencies like Bitcoin, Ethereum, and others continue to gain mainstream acceptance, they are also becoming more common in divorce proceedings. In New Jersey, as in many other states, the division of assets during divorce can… Continue reading →

Supreme Court of NJ Sets New Precedent on Sexual Consent and Intoxication

By Louis M. Ragone on September 30th, 2021

Posted in Divorce & Family Law

This week, The Supreme Court of New Jersey delivered a monumental win for victims of sexual assault. The Court’s unanimous decision in C.R. v M.T. set a new precedent for courts in deciding whether an alleged victim of sexual assault was too intoxicated to give consent—more specifically, the ruling clarifies… Continue reading →

Family Law and COVID-19: What Happens If a Restraining Order Is Issued Against You?

By Louis M. Ragone on April 9th, 2020

Posted in Divorce & Family Law

While restraining orders pursuant to the New Jersey Prevention of Domestic Violence Act exist to protect real victims from abusers, there have been occasions where restraining orders have been obtained with embellished or fabricated allegations. A purported victim may attempt to obtain a restraining order in order to gain an… Continue reading →

An Overview of How a Divorce Could Affect Your Taxes Part 3: Property Divisions, Dependency Exemptions and Child Care Credits

By Louis M. Ragone on April 26th, 2012

Posted in Business & Commercial Law

In 1962, the United States Supreme Court decided United States v. Davis, which created difficulties for divorcing parties and attorneys. Although, there was no sale and no money changing hands, the transfer of appreciated property in exchange for marital rights was considered to be a “sale” with the transferor liable for payment of capital gains taxes. The gain was determined by the fair market value of the asset on the date of the transfer with the transferor deemed to have received the value equal to that portion of the fair market value transferred to the other spouse. Conversely, the transferee was charged with neither gain nor loss because the marital rights relinquished were not “appreciated property,” even though these rights were considered to be equal in value to the value of the property received. Thus, the transferee of appreciated property received it on a “stepped up” basis equal to the fair market value of the property received. Continue reading

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