Service Business Valuation Triggers Double-Dip Rule

Business Valuation UpdateVol. 22 No. 1
Legal and Court Case Update
January 2016
8711 Engineering Services
541330 Engineering Services
marital dissolution/divorce
divorce, expert testimony, intangible assets, capitalization of earnings, double dip, equitable distribution, service company, future income, double counting

Gifford v Gifford
2015 N.Y. App. Div. LEXIS 7829
October 22, 2015
US
State Court
New York
Court of Appeals
Edward Selig (jointly retained)
Lynch

Summary

New York appellate court finds trial court’s spousal support determination violated double counting rule where expert valued husband’s solely owned engineering company based on an income approach and the business was a service business.

See Also

Gifford v Gifford

New York appellate court finds trial court’s spousal support determination violated double counting rule where expert valued husband’s solely owned engineering company based on an income approach and the business was a service business.