Greetings. You have discovered some of the harder issues of family law. First, how do we define separate and marital property and what events occuring during the marriage can transfrom separate property into marital property. The house was separate property of your wife, since it was solely in her name. The question of whether or not the property was gifted to the marriage at a separate time will take more information. What does the deed say?
I am not sure that I understand your question on income from a business. If you mean in the separation, we simply value any part of the business which is marital. If you mean while you are living together…good luck. Best of luck.
Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
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