Persaud v. Goad

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November 19, 2018

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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.
Persaud v. Goad
PDF, Size: 646 KB

See Also

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

Court Case Digests
November 19, 2018

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.

This article also appears in:
Business Valuation in Divorce Case Law Compendium
Business Valuation in Divorce Case Law Compendium - Fifth Edition