The Michigan Court of Appeals ["COA"] yesterday decided a case involving some interesting issues: business valuation, spousal support, double-dipping, property distribution, attorney fee award, and spousal support. The COA affirmed the trial court.
The defendant husband argued that the trial court improperly used the parties’ business income twice, once in property distribution and again in calculating spousal support, resulting in an unfair
“double dip” into the same stream of income. This is an issue that arises often in cases involving division of a business asset and also a spousal support award.