In a Divorce Case, the California Court of Appeal Rejects Discount for Taxes Not Immediate and Specific But Allows a DLOM

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation

Harvey v. Harvey This was an appeal and across-appeal in a California divorce case. Michael and Cynthia Harvey were married in 1988. Three years later, Michael formed Enviro Tech ChemicalServices Inc. (Enviro Tech). By 2010, Harvey’s jointly owned 825 shares of...

Husband Dissipates Assets by Placing Them in Trusts for the Children, but the Appellate Court Does Not Allow Unaccrued Interest

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation

Mohen v. Mohen The appellate court (AC) vacated the trial court order (TC) that erroneously charged the husband with $4,360,158 in unaccrued interest on marital assets that the husband fraudulently dissipated from the marital estate. This altered the equitable...

Parties’ Agreement Complicates Spousal Support Calculation in S Corp Context

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations

Marshall v. Marshall Instead of facilitating a resolution, a separation agreement between the divorcing spouses led to a protracted lawsuit. The issue was how to determine alimony where the owner spouse had an interest in a pass-through entity and the agreement was...

Calculations of Value Are Admissible in Divorce, Alabama Appeals Court Confirms

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations

Horne-Ballard v. Ballard About two years ago, in Rohling v. Rohling, an Alabama appeals court upheld a trial court’s decision to admit into evidence a qualified expert’s estimate about the value of the owner spouse’s business based on a calculation engagement....

What Divorcing Homeowners Need to Know

by Royer Advisors | Dec 11, 2024 | Divorce Litigation, Exemptions, Financial Planning, Tax Planning

The COVID-19 pandemic has impacted nearly every facet of life — including our relationships. Some reports indicated the stress of the crisis, combined with people’s close and constant contact with their spouse might be to blame for some recent divorces. A...

Nonowner Spouse Obtains Discovery of Valuation-Related Info from Owner Spouse’s Medical Practice

by Royer Advisors | Dec 11, 2024 | Court Rulings, Divorce Litigation, Valuations

Hall v. Hall A Florida divorce case prompted an important discovery ruling from the appellate court as to a nonowner spouse’s right to access documents and information regarding the owner spouse’s interest in a large medical practice. The wife was one of 75 owners in...