Property to claim.
Property to protect.

Defending against claims that business proceeds were lifetime gifts

The concern

During estate division, the client faced allegations that property and money previously received were lifetime gifts.

Our response

The review distinguished business agreements and actual work, records of returned shares, and transfers settling sale proceeds.

The outcome

The court rejected certain special-benefit allegations relating to business consideration, returned shares and settled proceeds, and amended the estate division.

Other items were recognised as special benefits, and the contribution-related appeals were dismissed. Finality has not been confirmed.

Reducing a property division payment on appeal

The concern

The client challenged the valuation and calculation of a property division payment ordered in divorce proceedings.

Our response

Kim & Hyun represented the client in reviewing assets and liabilities, acquisition history and the payment calculation.

The outcome

The appellate court accepted part of the challenge and reduced the payment.

The remaining appeal was dismissed. Inherited real estate was not excluded in its entirety, and finality has not been confirmed.