There was no evidence to support finding that a significant portion of husband’s hoof trimming business value, calculated for purpose of marriage dissolution, was generated by husband’s personal goodwill, where valuation expert testified that there can be a goodwill portion in the type of valuation he performed, but he did not state what portion, if any, of the goodwill of husband’s business was enterprise or personal, and husband offered no evidence of an amount or percentage of the business value that was attributable to personal goodwill. However, trial court’s erroneous finding that a significant portion of husband’s hoof trimming business value was generated by the personal goodwill of husband was harmless in marriage dissolution proceeding, where court’s assigned value of $45,300 was within the range of values given by expert witness and court did not use its finding concerning husband’s personal goodwill as a basis for any other finding or for any of its conclusions.
http://www.in.gov/judiciary/opinions/pdf/01221501jss.pdf
Laura W. Morgan is the owner and operator at Family Law Consulting in Charlottesville, Virginia.Laura is available for consultation, brief writing and research on family law issues throughout the country. She can be reached through her website. www.famlawconsult.com
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