King v. King

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Full Text of Court Cases
March 4, 2021
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce
goodwill, business valuation, divorce, personal goodwill, insurance, s corporation, pass-through entity, alimony

King v. King
2021 Fla. App. LEXIS 3170, 2021 WL 822476, 46 Fla. L. Weekly D 498
US
State Court
Florida
Court of Appeal
Gary Trugman (appellant/former husband); Richard Gray (appellee/former wife)
Rowe, Thomas, Thomas

Summary

This divorce case appeal deals with three primary issues: the determination of the value of insurance agency marital asset, the determination of the amount of personal goodwill attaching to the insurance agency, and the appropriate amount of alimony. The court remands the value of the business as it relates to the exclusion by the trial court of the liabilities the business owed, remands as to the appropriate amount of personal goodwill, and remands as to the erroneous level of income of the husband for determination of alimony.
King v King
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See Also

Florida Trial Court’s Valuation Findings, Including Personal Goodwill Determination, Do Not Hold Up Under Appeals Court Scrutiny

This divorce case appeal deals with three primary issues: the determination of the value of insurance agency marital asset, the determination of the amount of personal goodwill attaching to the insurance agency, and the appropriate amount of alimony. The court remands the value of the business as it relates to the exclusion by the trial court of the liabilities the business owed, remands as to the appropriate amount of personal goodwill, and remands as to the erroneous level of income of the husband for determination of alimony.