In re Marriage of Edwards
Annotate this CaseIn 2013, the district court issued a dissolution decree dissolving the marriage of Melinda Edwards and Jim Edwards. In its decree, the court divided a marital estate valued at $2.25 million. The majority of marital assets were held in Jim’s corporation, Bi Lo Foods, Inc. In an attempt to equitably divide the marital assets, the district court directed Jim to undertake an IRS-regulated divisive reorganization of Bi Lo. The Supreme Court affirmed, holding that the district court (1) did not err in ordering Jim to undertake a divisive reorganization of Bi Lo; and (2) did not abuse its discretion in valuing and distributing the martial estate.
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