Kakollu v. Vadlamudi

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Full Text of Court Cases
July 26, 2021
8021 Offices and Clinics of Dentists
621210 Offices of Dentists
marital dissolution/divorce
dental practice valuation, discount, discount for lack of marketability (DLOM), marital asset, marital estate, marital property

Kakollu v. Vadlamudi
2021 Ind. App. LEXIS 232, 2021 WL 3137204
US
State Court
Indiana
Court of Appeals
Penny Lutocka (Wife), Howard Gross (Husband)
Najam

Summary

In this marital dissolution case, the Indiana Appellate Court affirms the trial court’s decision that no DLOM is allowed in the valuation of a control interest. The husband’s expert failed to provide sufficient evidence that a DLOM was appropriate at the level the wife’s expert claimed. The court also affirmed the decision that $50,000 of legal and expert fees the husband paid in advance is not part of the marital estate and thus not subject to offset.
Kakollu v. Vadlamudi
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See Also

Court Affirms No DLOM in Valuation of a Control Interest, Wife’s Legal Fees Are Not Part of Marital Estate

In this marital dissolution case, the Indiana Appellate Court affirms the trial court’s decision that no DLOM is allowed in the valuation of a control interest. The husband’s expert failed to provide sufficient evidence that a DLOM was appropriate at the level the wife’s expert claimed. The court also affirmed the decision that $50,000 of legal and expert fees the husband paid in advance is not part of the marital estate and thus not subject to offset.