Court Affirms Inclusion of Personal Goodwill in Marital Estate, Decides Trial Court Erred in Granting a Judgment Against Husband’s Business

BVLaw
Court Case Digests
October 20, 2021
7379 Computer Related Services, NEC
541512 Computer Systems Design Services
marital dissolution/divorce
divorce, expert testimony, personal goodwill, capitalization rate, valuation methods

Snyder v. Snyder
2021 WY 115
US
State Court
Wyoming
Supreme Court
Janci Baxter, CPA, CVA
Kautz

Summary

In this divorce case, the Supreme Court of Wyoming allowed the valuation of the husband’s business, which likely included personal goodwill. It also decided that the district court did not abuse its discretion when it valued the husband’s business or ordered him to make an equalization payment. However, the district court erred in granting a judgment against the husband’s business for the equity payment due the wife since the business was not a party to the divorce action.

See Also

Snyder v. Snyder

In this divorce case, the Supreme Court of Wyoming allowed the valuation of the husband’s business, which likely included personal goodwill. It also decided that the district court did not abuse its discretion when it valued the husband’s business or ordered him to make an equalization payment. However, the district court erred in granting a judgment against the husband’s business for the equity payment due the wife since the business was not a party to the divorce action.