Stowe v. Stowe

BVLaw
Full Text of Court Cases
July 7, 2020
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce
goodwill, AICPA, expert testimony, income approach, intangible valuation, admissibility, rule 702, insurance, multiple, equitable distribution, national association of certified valuation analysts (NACVA)

Stowe v. Stowe
2020 N.C. App. LEXIS 498; 2020 WL 3697735
US
State Court
North Carolina
Court of Appeals
F. Foster Shriner (wife); Tom Franks (husband)
Tyson

Summary

In divorce case, appeals court overturns trial court’s valuation for an independent insurance agency; the trial court, without analysis, accepted there was goodwill and adopted expert’s calculation of goodwill using multiple “derived from a non-analogous source applying un-adjusted factors.”
Stowe v. Stowe
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See Also

Expert’s Goodwill Calculation Based on Rule of Thumb Sinks Under Appellate Scrutiny

In divorce case, appeals court overturns trial court’s valuation for an independent insurance agency; the trial court, without analysis, accepted there was goodwill and adopted expert’s calculation of goodwill using multiple “derived from a non-analogous source applying un-adjusted factors.”