Thomasee v. Thomasee

BVLaw
Full Text of Court Cases
October 12, 2022
6411 Insurance Agents, Brokers, and Service
524291 Claims Adjusting
marital dissolution/divorce
goodwill, estate valuation, personal goodwill, marital estate, community property, trial court

Thomasee v. Thomasee
2022 La. App. LEXIS 1765; 22-159 (La.App.3 Cir. 10/12/22); 2022 WL 6876111
US
State Court
Louisiana
Court of Appeals
Vanessa Brown Claiborne, CPA
Shannon J. Gremillion, D. Kent Savoie, and Sharon Darville Wilson

Summary

The Louisiana appellate court affirmed the decision of the trial court in a divorce case that included the value of the husband’s business in the marital estate as community property. The husband argued that the FEMA adjuster business was a professional business and that the profits were all goodwill and, therefore, not included in the estate. The wife argued that the business was not a professional business and had value other than just the personal goodwill of the husband. The value was includable as community property, and any subsequent income was half hers. The trial court sided with the wife, and the appeals court affirmed.
Thomasee v. Thomasee
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See Also

Louisiana Appeals Court Affirms Husband’s Business Is Not a Professional Business and Has Value Other Than Personal Goodwill

The Louisiana appellate court affirmed the decision of the trial court in a divorce case that included the value of the husband’s business in the marital estate as community property. The husband argued that the FEMA adjuster business was a professional business and that the profits were all goodwill and, therefore, not included in the estate. The wife argued that the business was not a professional business and had value other than just the personal goodwill of the husband. The value was includable as community property, and any subsequent income was half hers. The trial court sided with the wife, and the appeals court affirmed.