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Articles Posted in property division

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We Mean Business: Valuation of Businesses for Equitable Distribution

Logue v. Logue, No. COA19-831 (unpublished opinion) One of the most important issues dealt with by experienced family law and divorce attorneys across the country, and especially in the Piedmont Triad, is the division of property (also known as equitable distribution). When there are shared business interests, the valuation of…

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“Not for Profit”…Part 2

Lucas v. Comm’r, T.C. Memo. 2018‑80, 2018 WL 2948427 (2018)   (a) Facts: The parties divorced in Florida in 2011.  While the divorce was pending, the husband was in the process of liquidating his business, Vicis Capital, LLC.  He received, while the action was pending, $4.7 million in distributions. Florida…

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