New Jersey Law Journal published an article by Partner Ilan Hirschfeld about the distinctions between "fair market value" and "fair value," and the standards of value that apply to each.
New Jersey Law Journal
By Ilan Hirschfeld, Partner-in-Charge, Advisory Services, New Jersey
“…[T]he Courts have created, through statutes and case law, a New Jersey version of value. This specific standard of value, uniquely developed to be applied for the specific circumstance of divorce, implements the public policy of treating marriage as a partnership.”