Business Formed Before Marriage Is Marital Property

Business Valuation Update BVLaw
Legal and Court Case Update
July 31, 2001

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5172 Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals
marital dissolution/divorce
Gregory R. Banks v. Sharon E. Banks
No. 0414-00-4 (Va. App. 2001), unpublished
US
State Court
Virginia
Court of Appeals
Clements

Summary

The Virginia Court of Appeals affirmed the lower court’s characterization of a prosthetics company as marital property.

See Also

Gregory R. Banks v. Sharon E. Banks

Full Text of Court Cases
July 31, 2001

The Virginia Court of Appeals affirmed the lower court’s characterization of a prosthetics company as marital property. The court found that while the business was formed in the year prior to the parties’ marriage and while the husband’s skill was the ess ...