Value of Preneed Funeral Contracts Are Embedded in the Value of the Funeral Home Business

Business Valuation Update BVLaw
Legal and Court Case Update
July 2, 1998

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marital dissolution/divorce
Joyce Lynn Stevens v. Tomas Rockne Stevens, Jr.
No. 24758 (WV 1998), per curiam
US
State Court
West Virginia
Supreme Court
Per Curiam

Summary

The West Virginia Supreme Court found that pre-need funeral home contracts were assets of the marriage in connection with the parties' 50% interest in a funeral home.

See Also

Joyce Lynn Stevens v. Tomas Rockne Stevens, Jr.

Full Text of Court Cases
July 2, 1998

The West Virginia Supreme Court found that pre-need funeral home contracts were assets of the marriage in connection with the parties' 50% interest in a funeral home. However, it determined that the contracts were contingent assets. As such, the majority ...