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Articles Tagged with Jonathan Wolfe

Jonathan W. WolfeJonathan Wolfe headshot, co-managing partner of Skoloff & Wolfe, P.C., completed his term in August as Chair of the American Bar Association (ABA) Section of Family Law. Prior to his term as chair, Mr. Wolfe held numerous leadership positions in the ABA, including as a member of the ABA’s Executive Committee, Board of Governors and House of Delegates.

Under Mr. Wolfe’s guidance the Family Law section undertook several new initiatives to help promote the fair practice of family law for individuals and families of all means. These included a charitable fund to help promote access to justice, as well as to support the organization’s public service projects and educational programs. He also oversaw the section’s Covid-19 response by streamlining the organization’s online capabilities to help move ABA events to a virtual platform.

“I’m extremely proud that during my term the fund helped provide a way to recognize the outstanding family lawyers who work pro bono to help people who might otherwise be unable to afford professional legal representation,” Mr. Wolfe said. “Donations to the charitable fund are helping the Family Law section enhance diversity and inclusion in the profession. I am proud of the important work being done by our Section.”

Best Lawyers logo 2020Skoloff & Wolfe attorneys Gary N. Skoloff, Jonathan W. Wolfe, and Patrick T. Collins were selected among The Best Lawyers in America© for family law.

Gary Skoloff HeadshotGary N. Skoloff, one of the founders of Skoloff & Wolfe, P.C., was selected by his peers for inclusion in the list for the thirty-fifth time, a record of sustained excellence that speaks to his reputation as one of the nation’s leading family law practitioners. He is the author of New Jersey Family Law Practice, now in its fifteenth edition, which is widely regarded as one of the foremost treatises on New Jersey family law.

Mr. Skoloff’s experience as a family law practitioner makes him a highly sought after family law attorney for accomplished individuals and their spouses in virtually every field, including finance, real estate, professional sports, entertainment, law, and medicine. He has held multiple leadership positions in professional organizations both on state and national levels, and he is a frequent lecturer on family law topics. Mr. Skoloff has repeatedly provided his insights for the New Jersey Institute for Continuing Legal Education and he was an adjunct professor of Family Law at Seton Hall Law School. He also served as the president of the Rutgers Law School Alumni Association.

Super Lawyers Logo — top rated divorce lawyersNew Jersey Super Lawyers has recognized nine Skoloff & Wolfe lawyers as Super Lawyers and Rising Stars for 2020. Super Lawyers rates outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The selection process includes independent research, peer nominations and peer evaluations.

Jonathan Wolfe, Co-Managing Partner; Chair – Matrimonial & Litigation Departments

For the tenth consecutive year, Jonathan Wolfe, has been selected as a “Super Lawyer”. Mr. Wolfe’s practice focus is on business litigation and matrimonial disputes. He represents leaders or the spouses of leaders from the finance, real estate, professional and entertainment/sports communities in complex matrimonial matters, including a focus on business valuations, private equity/hedge funds, treatment of trust assets in divorce and the protection of non-marital assets. Mr. Wolfe is also the Chair of the Family Law Section of the American Bar Association.

By: Jonathan W. Wolfe

Previously published in American Journal of Family Law, Spring 2010, Volume 24.

Attorneys representing parties in divorce frequently are faced with the difficult challenge of discovering and proving the existence of hidden income or assets. Although most prevalent in the context of private business owners, spouses from all career paths are capable of engaging in divorce planning designed to minimize their income and avoid parting with their assets in divorce.

By: Jonathan W. Wolfe

This article was previously published in New Jersey Law Journal, Vol. 212 – No 12.

There are many legitimate reasons for a business to retain earnings. However, for a spouse in a divorce — or contemplating divorce — leaving money in the business may be viewed as a tool to shield income to avoid support. For shareholders of an S corporation, even though earnings have not been distributed, they will appear as “phantom income” on the owner’s personal tax returns. Given how frequently these issues arise in our practice, there is surprisingly little New Jersey precedent addressing the treatment of retained earnings in the context of divorce.

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