Are professional degrees subject to equitable distribution?
In many cases, a very valuable assets is a professional degree. In many cases, a devoted wife or husband helps pay for a law degree or a medical degree for their husband. I am certain that many people have heard of the common case wherein the devoted wife spouse is a nurse, and she works her tail off to pay for her husband to go to medical school. Once the wife’s looks wear off, it is not uncommon for the husband/doctor to become a playboy. A medical degree and a license or other professional degree is not an asset that is subject to equitable distribution. Instead, the courts deal with this issue in the context of alimony rather than in equitable distribution. The courts realize that there are too many problems associated with value and worth of a professional degree. A professional degree, for purposes of property distribution, are nothing more than a possibility of enhanced earnings. It is not considered property because it cannot be sold. Its value cannot be readily determined. Ins
In many cases, a very valuable assets is a professional degree. In many cases, a devoted wife or husband helps pay for a law degree or a medical degree for their husband. I am certain that many people have heard of the common case wherein the devoted wife spouse is a nurse, and she works her tail off to pay for her husband to go to medical school. Once the wife’s looks wear off, it is not uncommon for the husband/doctor to become a playboy. A medical degree and a license or other professional degree is not an asset that is subject to equitable distribution. Instead, the courts deal with this issue in the context of alimony rather than in equitable distribution. The courts realize that there are too many problems associated with value and worth of a professional degree. A professional degree, for purposes of property distribution, are nothing more than a possibility of enhanced earnings. It is not considered property because it cannot be sold. Its value cannot be readily determined. Ins
