Trial Court Fails to Consider Apportionment of Goodwill in a Marital Dissolution Case

BVLaw
Court Case Digests
June 18, 2021
7349 Building Cleaning and Maintenance Services, NEC
561790 Other Services to Buildings and Dwellings
marital dissolution/divorce
goodwill, enterprise goodwill, expert testimony, personal goodwill, disclosure, discovery, apportionment, net income

Maginnis v. Maginnis
2021 Ky. App. Unpub. LEXIS 378; 2021 WL 2483877
US
State Court
Kentucky
Court of Appeals
Chris Johnson, CPA; Melissa DeArk, CPA
Goodwine, K Thompson, L Thompson

Summary

In this unpublished opinion, the Kentucky Appellate Court remanded the decision as to the value of the husband’s business for, among other things, the Family Court’s failure to consider an apportionment of goodwill between enterprise and personal goodwill. It also remanded for a reconsideration of the maintenance award to the wife since that award is based in part on the value of the business and the income of the husband.

See Also

Maginnis v. Maginnis

In this unpublished opinion, the Kentucky Appellate Court remanded the decision as to the value of the husband’s business for, among other things, the Family Court’s failure to consider an apportionment of goodwill between enterprise and personal goodwill. It also remanded for a reconsideration of the maintenance award to the wife since that award is based in part on the value of the business and the income of the husband.

This article also appears in:
Business Valuation UpdateVol. 27 No. 9