Lydia May f/k/a Lydia Petersen v. Jon-Marc Petersen

Summary

The Alaska Supreme Court affirmed the divorce judgment and upheld the superior court’s valuation of the husband’s law firm, treatment of a $75,000 payment as a pre-distribution, and temporary adjustment of child support to account for adoption subsidies. The court held that only marketable goodwill is divisible marital property and that the evidence supported finding no marketable goodwill in the firm. It also rejected the wife’s remaining challenges, including those concerning reopening evidence, spousal support, child support, attorney’s fees, asset classification, and the 60/40 property division.