Court Nixes Murky Business Goodwill Determination

Business Valuation UpdateVol. 20 No. 10
Legal and Court Case Update
October 2014
1531 Operative Builders
236117 New Housing For-Sale Builders
marital dissolution/divorce
enterprise goodwill, expert testimony, personal goodwill, excess earnings, expert report, expectancy, forensic expert, future earnings

Crews v. Crews
2014 Cal. App. Unpub. LEXIS 4415
June 24, 2014
US
State Court
California
Court of Appeal
Tony Yip, CPA (court-appointed); Karen Kaseno, forensic expert
Irion

Summary

Appeals court rejects business goodwill award to the husband as a community asset, finding there was no goodwill in the business entities, as the trial court well knew; the determination is based entirely on the expectancy of husband’s future earnings.

See Also

Crews v. Crews

Appeals court rejects business goodwill award to the husband as a community asset, finding there was no goodwill in the business entities, as the trial court well knew; the determination is based entirely on the expectancy of husband’s future earnings.