Court Rejects Flat Prohibition Against Double Dipping

Business Valuation UpdateVol. 21 No. 5
Legal and Court Case Update
May 2015
8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
marital dissolution/divorce
income approach, asset approach, capitalization of earnings, child support, closely held corporation, discounted cash flow (DCF), future income, valuation

Gallo v. Gallo
2015 Ohio App. LEXIS 938
March 17, 2015
US
State Court
Ohio
Court of Appeals
Brian Russell (husband); unknown (wife)
Klatt

Summary

Appeals court finds Ohio statute requires trial court to consider income from all sources in calculating spousal support and overrules Heller I to extent Heller imposes a flat prohibition against double dipping; mandate is to ensure fairness and equity.

See Also

Gallo v. Gallo

Appeals court finds Ohio statute requires trial court to consider income from all sources in calculating spousal support and overrules Heller I to extent Heller imposes a flat prohibition against double dipping; mandate is to ensure fairness and equity.