Marriage of Merrill v. Merrill

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding although sole stockholder-parent’s choice to “roll over” profits into business may constitute sound business practice, its profits are income nonetheless
• holding “[e]vidence of a parent’s net worth and assets are relevant subjects of inquiry in a proceeding to establish or modify child support”
• affirming a trial court's finding that \an entrepreneur does need a certain amount of retained earnings in order to replace depreciated assets and withstand the economic cycles and unexpected expenses inherent in any business\
• while father’s choice to roll over profits into business may be sound business practice, court will nonetheless impute the profit as income for child support purposes
• while father's choice to roll over profits into business may be sound business practice, court will nonetheless impute the profit as income for child support purposes
• retained earnings are profit earned by pharmacy, which is solely owned by father, and could properly be considered income to father despite father's choice to roll over profits into business

Source: CourtListener parenthetical corpus (CC0).