Michigan Court Explains How to Handle Retained Earnings in Divorce Cases

BVLaw
Court Case Digests
January 9, 2018

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5013 Motor Vehicle Supplies and New Parts
423120 Motor Vehicle Supplies and New Parts Merchant Wholesalers
marital dissolution/divorce
expert testimony, income approach, admissibility, expert report, appreciation, separate property, asset division, earnings before interest, taxes, depreciation, amortization (EBITDA), retained earnings, hearsay, marital property
Jensen v. Jensen
2018 Mich. App. LEXIS 40
US
State Court
Michigan
Court of Appeals
Richard Adamy (wife, plaintiff); Eric Larson (husband, defendant)
Per Curiam

Summary

In deciding whether, in divorce, retained earnings in a closely held company that is separate property are includible in marital estate, appeals court creates presumption against inclusion and requires trial court to perform totality of circumstances review.

See Also

Jensen v. Jensen

Full Text of Court Cases
January 9, 2018

In deciding whether, in divorce, retained earnings in a closely held company that is separate property are includible in marital estate, appeals court creates presumption against inclusion and requires trial court to perform totality of circumstances review.