Steneken v. Steneken

This appeal requires that we address whether, in setting an award of alimony and in establishing equitable distribution in respect of a closely-held corporation, the trial court must use the same income determination. As differently posed by defendant, the question is whether it is impermissible “double counting” to use actual income for alimony purposes but a lower “normalized” income amount when valuing a closely-held business for equitable distribution purposes.

We hold that a trial court’s determination of the interplay between an alimony award and equitable distribution is subject to an…