Family LLC in Divorce: Error to Value Only Underlying Property

Business Valuation UpdateVol. 17 No. 12
Legal and Court Case Update
December 2011
6540 Real estate
531190 Lessors of Other Real Estate Property
marital dissolution/divorce
family limited partnership (FLP)

Elliott v. Elliott
2011 WL 3889181 (Mass. App. Ct.)
September 6, 2011
US
State Court
Massachusetts
Court of Appeals
none
Hanlon

Summary

Trial court errs by valuing the husband’s minority interest in a family held limited liability corporation by reference to the underlying real property, when there was no evidence that the husband could access the property or its income.

See Also

Elliott v. Elliott

Trial court errs by valuing the husband’s minority interest in a family held limited liability corporation by reference to the underlying real property, when there was no evidence that the husband could access the property or its income.