Court Disapproves of Nonexpert Valuation of Key Marital Asset

Business Valuation UpdateVol. 22 No. 10
BVLaw Case Update
October 2016
7299 Miscellaneous Personal Services, NEC
812990 All Other Personal Services
marital dissolution/divorce
goodwill, expert testimony, asset approach, capitalization of earnings, limited liability company, market-based approach, net income approach

Lacoste v. Lacoste
2016 Miss. App. LEXIS 460
July 19, 2016
US
State Court
Mississippi
Court of Appeals
None (husband/appellant); none (wife/appellee)
Barnes

Summary

Appeals court rejects trial court’s valuation of husband’s fitness training company noting trial court lacked necessary financial evidence as well as testimony from experts; appeals court remands requesting “adequate valuation,” excluding goodwill.

See Also

Court Disapproves of Nonexpert Valuation of Key Marital Asset

Appeals court rejects trial court’s valuation of husband’s fitness training company noting trial court lacked necessary financial evidence as well as testimony from experts; appeals court remands requesting “adequate valuation,” excluding goodwill.