Gripshover v. Gripshover was decided yesterday by the Kentucky Supreme Court. It’s an important case holding that transfer of a large portion of the marital estate to validly formed trust and partnership is neither fraud upon nor dissipation of the marital estate. It is also important for its holding that Section 179 of the tax code cannot be used to arrive at gross income for child support purposes; straight line depreciation is the only method of calculating depreciation expense in determining gross income for child support purposes. Guess we’ll need an accountant in every case involving a business owner unless the legislature changes KRS403.212(2)(a). Digest will follow soon.