Legal Opinion
Jay Myoung Yoon v. Sunsook Yoon
Indiana Supreme Court
Decided June 21, 1999No. 49S02-9906-CV-353PublishedCited by 87 opinions
1Opinion of the Court
ON PETITION TO TRANSFER
BOEHM, Justice.
This case deals with the goodwill value of a business or professional practice for the purpose of property division in a marriage dissolution. We hold that goodwill that is attributable to the business enterprise is divisible property, but to the extent that the goodwill is personal to the professional or business owner, it is a surrogate for the owner’s future earning capacity and is not divisible.
Factual and Procedural Background
The marriage of Sunsook (Yoon) Nam and Jay Yoon was dissolved on August 15, 1996. The Rial court awarded custody of the…
2Cases cited11 opinions
- Yanoff v. MuncyIndiana Supreme Court · 1997
- Holbrook v. HolbrookCourt of Appeals of Wisconsin · 1981
- Shell Oil Co. v. MeyerIndiana Supreme Court · 1998
- Chidester v. City of HobartIndiana Supreme Court · 1994
- Nail v. NailTexas Supreme Court · 1972
6 more not listed; retrieve them via the Exa API.
3Cited by87 opinions
- May v. MayWest Virginia Supreme Court · 2003
- Singley v. SingleyMississippi Supreme Court · 2002
- State of Indiana, Acting on Behalf of the Indiana Family & Social Services Administration v. International Business Machines CorporationIndiana Supreme Court · 2016
- Safety National Casualty Co. v. Cinergy Corp.Indiana Court of Appeals · 2005
- Bertholet v. BertholetIndiana Court of Appeals · 2000
82 more not listed; retrieve them via the Exa API.