Appreciation Case Highlights Contribution by Nonowner Spouse
Increase in value of owner’s minority interests in companies was due to owner’s efforts, which were “facilitated” by nonowner’s work in home; appreciation was active and marital property; no error in awarding nonowner half of profits from sale of assets.
Appreciation Case Highlights Contribution by Nonowner Spouse
Increase in value of owner’s minority interests in companies was due to owner’s efforts, which were “facilitated” by nonowner’s work in home; appreciation was active and marital property; no error in awarding nonowner half of profits from sale of assets.
Allison v. Allison
Increase in value of owner’s minority interests in companies was due to owner’s efforts, which were “facilitated” by nonowner’s work in home; appreciation was active and marital property; no error in awarding nonowner half of profits from sale of assets.
Minnesota Supreme Court affirms that passive appreciation in nonmarital property is nonmarital
Earnings retained in wife’s AAA were not income because they might never be distributed, nor were the earnings active appreciation.
In re the Marriage of Gottsacker
Whether an Accumulated Adjustment Account (AAA) in a subchapter S corporation in which one spouse has a nonmarital interest is marital property depends on the degree of ownership and control ...
S corporation retained earnings not marital property; 28% marketability discount upheld
Among the issues for the court to decide were whether wife's interest in an accumulated adjustment account (AAA) of an S corporation was marital property, and whether the trial court erred in applying a marketability discount to wife's interest in a limited partnership.
Gottsacker v. Gottsacker
Issues were whether wife's interest in an S corp account was marital property, and whether the trial court erred in applying a marketability discount to her limited partnership interest.
Uncompleted Contracts Not Included in Fair Value, Defined as Liquidation Value
The issue in this case was whether the trial court erred as a matter of law in confirming the award of the appraiser, where the appraiser did not include the estimated value of construction contracts that had not been completed as of the valuation date.
Trahan v. Trahan
The issue was whether to include the estimated value of construction contracts that had not been completed as of the valuation date in value of corporation.