Does spouse get value of nonprofit in divorce?
Kathryn and Matthew Spencer were married in 2000 and during their marriage opened a private school, which was originally organized as a limited liability company and later converted to a nonprofit organization. When Kathryn filed a petition for dissolution of the marriage in 2018, Matthew agreed that Kathryn should continue to run the school but asked that he be awarded a portion of the value of the school in the divorce settlement.
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