Brave v. Brave (Majority)
Annotate this CaseHusband and Wife had been married for more than twenty years when Husband filed for divorce. The parties were co-owners of Brave New Restaurant. After the circuit court entered a divorce decree, Husband appealed, contending that the circuit court committed reversible error by (1) dividing the goodwill in the restaurant, and (2) “double dipping” into the stream of his future income when it divided the goodwill of the restaurant and gave Wife alimony. The Supreme Court affirmed the judgment of the circuit court, holding that the circuit court (1) did not err in concluding that the goodwill was corporate goodwill and dividing it as martial property rather than concluding that it was personal to Husband; and (2) did not abuse its discretion in awarding alimony to Wife after finding that the goodwill in this case was corporate goodwill.
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