ABIGAIL WEIDEL VS. RICHARD A. WEIDEL, JR. (FM-11-0161-13, MERCER COUNTY AND STATEWIDE) (CONSOLIDATED)

New Jersey Superior Court Appellate Division·Decided November 18, 2021·No. A-3559-18/A-3240-19·Unpublished

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION

DOCKET NO. A-3559-18

A-3240-19

ABIGAIL WEIDEL,

Plaintiff-Respondent/

Cross-Appellant,

v. RICHARD A. WEIDEL, JR.,

Defendant-Appellant/

Cross-Respondent.

Argued (A-3559-18) and Submitted (A-3240-19)

October 28, 2021 – Decided November 18, 2021

Before Judges Mawla and Mitterhoff.

On appeal from the Superior Court of New Jersey, Chancery Division, Family Part, Mercer County, Docket No. FM-11-0161-13.

Derek M. Freed argued the cause for appellant/crossrespondent (Ulrichsen Rosen & Freed LLC, attorneys;

Derek M. Freed, of counsel and on the briefs; Lauren Koster Beaver, Amanda E. Nini, and Neethi Vasudevan, on the briefs).

Brian G. Paul argued the cause for respondent/crossappellant (Szaferman, Lakind, Blumstein & Blader, PC, attorneys; Brian G. Paul, of counsel and on the briefs).

PER CURIAM These are back-to-back appeals, consolidated for purposes of this opinion.

In A-3559-18, defendant Richard A. Weidel, Jr., appeals from: a May 4, 2016 order granting plaintiff Abigail Weidel summary judgment declaring a purported pre-nuptial agreement (PNA) and a subsequent amendment unenforceable; a September 12, 2016 order denying reconsideration; equitable distribution provisions of a December 26, 2018 dual final judgment of divorce; an April 12, 2019 order denying reconsideration of the judgment; and equitable distribution provisions of an April 12, 2019 amended judgment. Plaintiff cross-appeals from portions of the equitable distribution provisions and the court's retroactive calculation of pendente lite support contained in the April order and amended judgment. In A-3240-19, defendant challenges a March 3, 2020 post-judgment order granting plaintiff's motion to enforce litigant's rights and counsel fees.

When the parties began dating in 1983, defendant worked for his father's real estate business. Soon, the parties moved in together. Plaintiff also started working for defendant's father's business as well. The parties were engaged in February 1985. Shortly before the parties' wedding in July 1985, defendant

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hired an attorney to prepare the PNA. There is no signed PNA in the record. According to an unsigned version of the document, all property acquired before and during the marriage in one party's name would remain separate, including defendant's businesses "The Richard A. Weidel Corp. [(RAWC)], Princeton Mortgage Corp. [(PMC)] and all of their affiliates or any entities into which such companies may evolve." The PNA also contained an alimony provision.

The PNA contained a schedule of assets, but plaintiff did not recall seeing it and defendant could not recall if it was attached to the agreement plaintiff signed. Moreover, the schedule did not identify defendant's interest in Weidel Corp., a premarital business, and did not state the value of RAWC, PMC, their affiliates, or defendant's income or debts. The document also lacked a schedule of plaintiff's assets. Although the PNA stated each party had counsel, plaintiff testified she did not have an attorney.

In 1991, plaintiff was pregnant with the parties' third child and financially dependent on defendant when he presented her with an "Amendment to Ante- Nuptial Agreement." An attorney who previously represented plaintiff in drafting a will and separately represented the parties' business drafted the amendment. Plaintiff was not represented, and signed the document without reading. She testified that she felt she could not refuse to sign.

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Like the original PNA, the amendment lacked a schedule of plaintiff's assets and contained an incomplete schedule of defendant's assets. It did not identify the value of Weidel Corp., RAWC, PMC, the Princeton School of Real Estate, Richard A. Weidel Referral Corp., or the life insurance policy defendant owned on his father. The amendment also stated the marital residence belonged to defendant despite the property's transfer into both parties' names in 1990. It also addressed the contemplated purchase of a new marital residence and altered the formula for support payments to plaintiff in the event of separation or divorce.

Before the marriage, defendant purchased the first marital residence and an investment property located at 166 North Union Street in Lambertville. The investment property was encumbered by a $105,000 mortgage as of the date of marriage. During the marriage, defendant purchased two more properties in Lambertville: 41 North Union, whose mortgage was paid from the rental income, and 46 York Street, which defendant claimed was paid for with a down payment from an account used to maintain the properties and premarital assets. The parties formed Coryell Properties, LLC to operate all three investment properties. In addition to raising the children and homemaking, plaintiff

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managed the LLC, advertised, secured tenants, collected rent, and paid property expenses with funds from a marital bank account.

RAWC was founded by defendant's grandfather and was later expanded by defendant's father into a brokerage. Defendant's father diversified RAWC by creating PMC, the real estate school, the referral business, and a Pennsylvania brokerage called R.A. Weidel Corporation. In 1989, defendant acquired an ownership interest in RAWC through a Stock Cross Purchase Agreement (SCPA) with his father. The SCPA established RAWC's purchase price and defendant's exclusive right to purchase the business from his father, including at his father's death. The SCPA also required each of them to maintain life insurance, the proceeds of which would fund the purchase of the deceased partner's interest. Defendant's father also executed a will bequeathing three RAWC properties to defendant. Between 1989 and 2003, defendant purchased the rest of RAWC's shares.

The parties acquired several more properties during the marriage, including Pennington Road Properties, 2482/2490, LLC which owned two commercial buildings relevant to these appeals. The parties also owned various notes receivable, stocks, bank accounts and retirement accounts.

A-3559-18

Plaintiff filed for divorce in 2012. In 2015, she moved for pendente lite support. The parties entered a March 26, 2015 consent order granting plaintiff $6,000 per month of unallocated non-taxable support, up to $1,000 per month in vehicle expenses paid through the businesses, and health insurance paid by defendant. The parties agreed defendant would pay "[a]n additional unallocated non-taxable monthly payment that will be quantified at final resolution of the case that is not less than $3,000 per month or more than $10,000 per month , retroactive to February 1, 2015 . . . ." The order also stated:

The parties have reserved their rights regarding a judicial finding as to [p]laintiff's reasonable and appropriate pendente lite budget. The parties agree that [p]laintiff's pendente lite budget shall not be less than $10,000 per month or more than $17,000 per month, and will attempt to agree upon an amount at final resolution of the case. If the [c]ourt is required to adjudicate the issue at the time of the final hearing, [p]laintiff's total pendente lite budget shall not be found to be less than $10,000 per month or more than $17,000 per month, inclusive of Schedule "A," "B," and "C"

expenses. This budgetary determination by the parties or court shall be made effective as of February 1, 2015, with [d]efendant receiving credit for all payments that he made . . . .

In March 2016, plaintiff moved for summary judgment dismissal of defendant's claim to enforce the PNA and its amendment. The judge granted the motion. She found the Statute of Frauds barred enforcement because defendant

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ABIGAIL WEIDEL VS. RICHARD A. WEIDEL, JR. (FM-11-0161-13, MERCER COUNTY AND STATEWIDE) (CONSOLIDATED), (N.J. Ct. App. 2021).

ABIGAIL WEIDEL VS. RICHARD A. WEIDEL, JR. (FM-11-0161-13, MERCER COUNTY AND STATEWIDE) (CONSOLIDATED) (ABIGAIL WEIDEL VS. RICHARD A. WEIDEL, JR. (FM-11-0161-13, MERCER COUNTY AND STATEWIDE) (CONSOLIDATED)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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