Indiana Appellate Court Includes Enterprise Goodwill of Wife’s Businesses in Marital Estate

BVLaw
Court Case Digests
January 21, 2022
8082 Home Health Care Services
621610 Home Health Care Services
marital dissolution/divorce
goodwill, enterprise goodwill, income approach, marital estate

Adewopo v. Jaja
2022 Ind. App. Unpub. LEXIS 58; 2022 WL 189607
United States
State Court
Indiana
Court of Appeals
Jeff Donovan, CPA, CVA
Riley, Robb, Molter

Summary

In this divorce matter, the Indiana appellate court included enterprise goodwill of the wife’s business in the marital estate. The court-appointed, at the husband’s request, expert testified as to his conclusion of value using an income approach and calculating the amount of enterprise goodwill while excluding personal goodwill. The wife objected to the expert’s value but provided no evidence of her own determination of value.

See Also

Adewopo v. Jaja

In this divorce matter, the Indiana appellate court included enterprise goodwill of the wife’s business in the marital estate. The court-appointed, at the husband’s request, expert testified as to his conclusion of value using an income approach and calculating the amount of enterprise goodwill while excluding personal goodwill. The wife objected to the expert’s value but provided no evidence of her own determination of value.

This article also appears in:
Business Valuation UpdateVol. 28 No. 4