Stowe v. Stowe, ___ N.C. App. ___ (2020).
In North Carolina, Equitable Distribution (ED) is one of the mechanisms by which former spouses separate their personal and real property. What if the during the marriage one party opens a business? Unlike other forms of property, businesses have reputations that are carefully cultivated, patrons, and other intangibles that make the business more valuable than what can be accounted for on paper. Courts call this factor Goodwill. An expert witness may testify as to how to arrive at a value for Goodwill. In the case below, we explore how one court handled expert witnesses for Goodwill for an insurance company. Continue reading →