Idaho Supreme Court Affirms Magistrate Judge’s Opinion Regarding Personal Goodwill

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Court Case Digests
January 9, 2023

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3812 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments
334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
marital dissolution/divorce
goodwill, intellectual property, divorce, personal goodwill, discount, evidence, fair market value (FMV), marital estate, separate property, community property, willing buyer, speculative, earnout, intangible asset, trial court
Lamm v. Preston
2023 Ida. LEXIS 4
US
State Court
Idaho
Supreme Court
Keith Pinkerton; Peter Butler
Moeller, Bevan, Brody, Stenger, Melanson

Summary

This was a divorce case with a complex set of issues regarding the marital estate and the businesses of the parties. This Supreme Court of Idaho case and opinion related to one of the businesses, Black Sage Acquisition LLC, in which the couple owned 25%. The magistrate court determined the value of Black Sage Acquisition as $163,373 based on fair market value. The remaining value was determined to be personal goodwill. The Supreme Court (Idaho) affirmed the decision of the district court, which upheld the magistrate court.

See Also

Lamm v. Preston

Full Text of Court Cases
January 9, 2023

This was a divorce case with a complex set of issues regarding the marital estate and the businesses of the parties. This Supreme Court of Idaho case and opinion related to one of the businesses, Black Sage Acquisition LLC, in which the couple owned 25%. The magistrate court determined the value of Black Sage Acquisition as $163,373 based on fair market value. The remaining value was determined to be personal goodwill. The Supreme Court (Idaho) affirmed the decision of the district court, which upheld the magistrate court.