Lack of Understanding of Excess Earnings Method Leads to Marital Award Reflecting Double Dipping

Business Valuation UpdateVol. 10 No. 5
Legal and Court Case Update
May 2004

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3229 Pressed and Blown Glass and Glassware, NEC
327212 Other Pressed and Blown Glass and Glassware Manufacturing
marital dissolution/divorce
reasonable compensation, marital dissolution, double counting
Steneken v. Steneken (I)
2004 N.J. Super. LEXIS 105
March 15, 2004
US
State Court
New Jersey
Court of Appeals
Todd M. Sahner
Christopher Sullivan (for wife); Rufino Fernandez (for wife); Linda Schaeffer (for wife); Kenneth Arlein (for husband)
Parrillo

Summary

The issue in this marital dissolution was the perceived “double counting” of the husband’s excess earnings from his closely held corporation, Esco.

See Also

Steneken v. Steneken (I)

Full Text of Court Cases
March 15, 2004

The issue in this marital dissolution was the perceived “double counting” of the husband’s excess earnings from his closely held corporation, Esco.