Family Law Cases
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Family Law

Supreme Court of North Carolina
Uncategorized

Sneed — Personal goodwill of a professional practice is not marital property

The Supreme Court distinguished marketable enterprise goodwill, which remains with a practice, from personal goodwill that depends on the individual practitioner. It held that personal goodwill cannot qualify as marital property and reversed to that extent. Review of the enterprise-goodwill issue was dismissed as improvidently allowed, and the matter was remanded for a corrected distribution order.

Supreme Court of North Carolina
Uncategorized

Face — Revocable trust need not be joined when all settlors are parties to equitable distribution

The Supreme Court answered a question of first impression and held that the revocable trust did not have to be joined. Because every settlor was already a party, a judgment concerning the trust property effectively bound the trust without impairing another person’s rights. The Court modified and affirmed the Court of Appeals.

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