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Perspective

Mar. 8, 2014

'Books of business' divisible in divorce?

A recent case tests whether a hiring bonus based on a book of business built during marriage is divisible upon divorce. By Mitchell A. Jacobs and Lauri Kritt Martin


By Mitchell A. Jacobs and Lauri Kritt Martin


The Court of Appeal in In re Marriage of Finby, 222 Cal. App. 4th 977 (2013), reversed a trial court's finding that the former husband held no interest in bonuses received by his wife as an inducement to bring her client list, or "book of business," to a new investment firm, after finding that the bonuses offered to the wife were based on a book of business she developed during the marriage.

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