Court Affirms Acceptance of the Wife’s Gross Sales Valuation Method for the Marital Business, Remands for Double Counting of Business Assets

BVLaw
Court Case Digests
April 20, 2022
5812 Eating and Drinking Places
722410 Drinking Places (Alcoholic Beverages)
marital dissolution/divorce
business valuation, appraisal, real estate, stock, double counting, marital property, gross sales, business valuation method

Snyder v. Snyder
2022 Pa. Super. LEXIS 175; 2022 PA Super 72
US
State Court
Pennsylvania
Superior Court
Olson, Kunselman, Stevens

Summary

In this Pennsylvania divorce matter, the appellate court accepted the wife’s valuation of the marital business using the “gross sales approach,” despite the husband’s objection that she was not qualified to determine the value. The trial court master recommended the wife’s value be accepted. However, the appellate court finds that the trial court double counted four business assets and remanded for a redetermination of the marital estate.

See Also

Snyder v. Snyder

In this Pennsylvania divorce matter, the appellate court accepted the wife’s valuation of the marital business using the “gross sales approach,” despite the husband’s objection that she was not qualified to determine the value. The trial court master recommended the wife’s value be accepted. However, the appellate court finds that the trial court double counted four business assets and remanded for a redetermination of the marital estate.