Legal Question in Family Law in New Jersey

Family Corporate Dissolution

a family owned S corp in NJ which consists of several properties is being dissolved. I have lived with my family in one of the properties in the corp. for 40 years. I made several renovations including an addition and inground pool which was paid for with my personal money. It was always verbally aggreed to, that upon dissolution the cost of such renovations would be taken off the other shareholders amount, and I have the option to buy the house personally. Now my sister (a shareholder) has passed away and her children now contol her shares. They want the properties to be split equally. If I have the reciepts to prove the exact money I spent, do I have a case to take them to court?


Asked on 4/02/07, 5:31 pm

2 Answers from Attorneys
Robert Davies The Davies Law Firm, P.A.

Re: Family Corporate Dissolution

What you have in almost certainly a fight on your hands, and a mess. You should have had a lawyer advise you ahead of time. Now you need someone like me to get the others to recognize that you have spent a lot of money on the property and should be compensated for that.

You certainly have a legitimate claim. No lawyer, however, could predict that you will for certain win your claim. It sounds like you have invested a lot of money, and I believe that you should pursue your claim.

If you would like, give me a call; I am in Hackensack (northern New Jersey). I will be happy to discuss

this with you; a brief telephone consultation will be free. I have litigated several difficult claims among family members, in situations similar to your situation.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

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Answered on 4/02/07, 5:44 pm
Gary Moore Gary Moore Attorney At Law

Re: Family Corporate Dissolution

You do.

Call me if you like.

Gary Moore, Esquire

Hackensack, New Jersey

www.garymooreattorneyatlaw.com

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Answered on 4/02/07, 5:53 pm


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