Mix of Real Estate and Business Assets Poses Valuation Challenges for Courts

BVLaw
Court Case Digests
November 19, 2018
5812 Eating and Drinking Places
722320 Caterers
marital dissolution/divorce
business valuation, expert testimony, real estate, equitable distribution, accounting, debt, marital property

Persaud v. Goad
2018 Md. App. LEXIS 1076
US
State Court
Maryland
Court of Special Appeals
David Witherspoon (wife); Kristopher Hallengren (husband)
Arthur

Summary

Court affirms divorce valuations for mixed real estate and business assets; even if trial court erred in stating negative value for business that generated no income but carried high annual costs, the error was harmless where court reframed decision as one of fairness rather than finances.

See Also

Persaud v. Goad

Court affirms divorce valuations for mixed real estate and business assets; even if trial court erred in stating negative value for business that generated no income but carried high annual costs, the error was harmless where court reframed decision as one of fairness rather than finances.