Julia H. L. Goodrich v. Reginald G

Defendant husband appeals from the property award in this divorce, challenging the court's valuation of plaintiff's interest in a closely held family corporation. We affirm. The parties were married in 1969 and separated in 1988. They have two children. Neither party brought substantial tangible assets into the marriage, but plaintiff later received from her mother and grandmother a total of 4,000 shares of the stock of Jamison Door Company, a company founded by plaintiff's great grandfather. These shares represented a little more than 5% of the total outstanding stock. All shares in the corporation are held by members of plaintiff's family. In addition to this stock, plaintiff inherited about $130,000 from her grandmother.