Ullom v. Ullom

WIEAND, Judge:

The principal issue in these cross-appeals from an order of equitable distribution is whether “good will,” found by the hearing court to be an asset of a closely held corporation, can be excluded from marital property by the court in equitably distributing shares of stock in that corporation.

Debra Ullom and R. Garth Ullom were married on November 26, 1977. From 1972 until the present, and throughout the marriage, husband was employed at Cumberland Valley BMW, Inc., a closely held corporation of which husband’s father is president and the majority shareholder. The corporation is…