Margaret S. Frey v. Thomas G. Frey

CourtNew Jersey Superior Court Appellate Division
DecidedMarch 28, 2024
DocketA-2271-21
StatusUnpublished

This text of Margaret S. Frey v. Thomas G. Frey (Margaret S. Frey v. Thomas G. Frey) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Margaret S. Frey v. Thomas G. Frey, (N.J. Ct. App. 2024).

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NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court."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-2271-21

MARGARET S. FREY,

Plaintiff-Appellant/ Cross-Respondent,

v.

THOMAS G. FREY,

Defendant-Respondent/ Cross-Appellant. ________________________

Submitted February 26, 2024 – Decided March 28, 2024

Before Judges DeAlmeida and Berdote Byrne.

On appeal from the Superior Court of New Jersey, Chancery Division, Family Part, Middlesex County, Docket No. FM-12-0789-18.

Deborah A. Rose, attorney for appellant/cross- respondent.

Andril & Espinosa, LLC, attorneys for respondent/cross-appellant (Antonio R. Espinosa, on the briefs).

PER CURIAM The parties both appeal from the trial court's November 16, 2021 order

entering a Dual Judgment of Divorce (DJOD) and two subsequent orders entered

after motions for reconsideration, issued February 16, 2022, and October 19,

2022, respectively. The appeals stem from the case's long procedural history

and an eleven-day trial, spanning twenty-one months.

Plaintiff asserts the trial court erred by (1) awarding her only four years

of limited duration alimony in the amount of $1,500 per month after the

dissolution of the parties' thirty-three-year marriage; (2) determining the marital

estate and its subsequent division after subtracting for monies owed to her; and

(3) awarding defendant $10,000 in "consequential" attorney fees. Defendant

contends the trial court should not have awarded any alimony given each parties'

financial circumstances. Defendant also appeals the denial of several credits he

maintains should have been awarded in his favor.

After reviewing the record in light of the arguments advanced by the

parties, and applying the law to the facts found, we reverse and remand for new

findings with respect to equitable distribution, alimony, and attorney fees.

I.

We glean the following facts from the record. The parties married in

August 1988. Plaintiff owned a dance studio for approximately twenty-four

A-2271-21 2 years. The studio was purchased at the beginning of 1986, two years prior to

the marriage. Defendant was a certified public accountant and became an

attorney in the early years of the parties' marriage. For most of the marriage,

defendant was responsible for managing the parties' taxes and household

expenses, although the two always kept their finances separate. Defendant

eventually started his own tax and accounting business in the early 2000s.

Outside of their primary occupations, plaintiff and defendant amassed

extensive real estate holdings in New Jersey. These properties were purchased

and sold throughout the marriage, and the proceeds deposited into the parties'

joint investment accounts. The parties jointly paid for the college educations of

both their now-adult daughters, took annual vacations domestically and abroad,

dined extensively in the greater New York City area, owned three timeshares,

purchased a home for over $800,000 in 2005, were members of a local country

club, and accumulated over two million dollars in liquid assets.

The marriage began to deteriorate in the 2000s, and defendant moved out

of the marital home in September 2010. In 2011, defendant was charged, and

later pleaded guilty to, one count of extortion and one count of attempt and

conspiracy to commit mail fraud, for which he served a twenty-seven-month

A-2271-21 3 prison term from 2015 to 2017. Defendant's CPA license was revoked, and he

was disbarred.

Plaintiff's dance school gradually declined over the past decade.

Plaintiff's health deteriorated after being diagnosed with multiple sclerosis,

which limits her ability to teach dance.

Because of defendant's incarceration, plaintiff was left to manage the

parties' finances. Plaintiff utilized proceeds she received from the sale of a

property in Elizabeth, New Jersey. Defendant sold his tax and accounting

business to John Strydesky (Strydesky), of Strydesky & Company (the Asset

Purchase Agreement), just prior to his incarceration. As part of the sale,

Strydesky agreed to pay twenty percent of the monies collected from defendant's

clients for a three-year period, payable in quarterly installments to plaintiff.

Strydesky duly mailed checks to plaintiff, but there was no accounting sent

accompanying the payments to ensure twenty percent of the cash received from

defendant's former clients was actually paid to plaintiff.

The Asset Purchase Agreement also specified Strydesky was purchasing

"All of the following physical assets: office/computer equipment, etc." After

the sale, Strydesky certified he destroyed defendant's computer once he obtained

all the necessary information from it. Strydesky brought the paper files he did

A-2271-21 4 not need to the marital residence. Plaintiff kept these belongings in the marital

home's garage along with defendant's other business files.

Upon inspection of these files, plaintiff discovered defendant's letters

confirming a company defendant had told her and others to invest in was

bankrupt. One of those persons was Greg Parker (Parker), who lent defendant

money to invest in the company. Around this time, plaintiff filed for divorce in

October 2017.

Plaintiff told Parker about the bankruptcy, and Parker subsequently sued

defendant. Because plaintiff and defendant continued to live separately after his

release from prison, defendant did not receive the summons and complaint

mailed to the marital home. A final judgment by default was subsequently

entered against defendant on November 7, 2018 (the Parker Judgment). Parker

then placed a judgment lien on the marital home.

Since his release from prison, defendant works as a bookkeeper, and

claims he earns approximately $1,500 to $2,200 a month. In 2020, defendant

applied for and received two SBA loans to start a stock trading business. These

funds were deposited into one of the marital joint accounts. Plaintiff closed her

dance school in March 2020. The marital home was sold in February 2020 for

A-2271-21 5 $525,800. The Parker Judgment was satisfied from the proceeds obtained from

the sale of the marital home.

II.

In reviewing appeals of a family court's rulings after trial, we defer to the

trial court, barring an abuse of discretion. S.W. v. G.M., 462 N.J. Super. 522,

530 (App. Div. 2020). The Supreme Court has held the findings of a trial court

"are binding on appeal when supported by adequate, substantial, credible

evidence." Cesare v. Cesare, 154 N.J. 394, 411-12 (1998). Further, "[d]eference

is especially appropriate 'when the evidence is largely testimonial and involves

questions of credibility.'" Id. at 412 (quoting Rova Farms Resort, Inc. v. Invest.

Ins. Co., 65 N.J. 474-484 (1974)). Reversal is appropriate "only if the findings

were 'so manifestly unsupported by or inconsistent with the competent, relevant

and reasonably credible evidence as to offend the interests of justice.'" Amzler

v. Amzler, 463 N.J. Super. 187, 197 (App. Div.

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