Mamone v. Mamone

BVLaw
Full Text of Court Cases
May 18, 2023
1542 General Contractors-Nonresidential Buildings, Other than Industrial Buildings and Warehouses
236220 Commercial and Institutional Building Construction
marital dissolution/divorce
divorce, marital dissolution, overpayment, separate property, community property, apportionment

Mamone v. Mamone
2023 Nev. App. Unpub. LEXIS 207; 2023 WL 3579949
US
State Court
Nevada
Court of Appeals
Jennifer Allen, CPA/CFF/ABV, CFE; Diane Tompkins
Gibbons, Bulla, Westbrook

Summary

The Nevada appellate court affirmed the trial court’s use of the Pereira method of determining the value of separate property included in the total value of the husband’s business. It was clear that the value increase in the business during the marriage was due in large part to the efforts of the husband. The “excess value” of the business over the separate property value was included in the community property. The appellate court also affirmed the ruling of the trial court that no community expenses incurred during the marriage were paid from the separate property of the husband and the husband was, therefore, not entitled to any reimbursement of those community expenses.
Mamone v. Mamone
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See Also

Nevada Appellate Court Affirms Value of Husband’s Business and His Separate Property Value in the Business

The Nevada appellate court affirmed the trial court’s use of the Pereira method of determining the value of separate property included in the total value of the husband’s business. It was clear that the value increase in the business during the marriage was due in large part to the efforts of the husband. The “excess value” of the business over the separate property value was included in the community property. The appellate court also affirmed the ruling of the trial court that no community expenses incurred during the marriage were paid from the separate property of the husband and the husband was, therefore, not entitled to any reimbursement of those community expenses.