The case “Bernier v. Bernier” involves a divorce dispute where the main issues revolved around the valuation of S corporations owned by the couple and the division of their assets. The Supreme Judicial Court of Massachusetts addressed whether it was appropriate to apply a “tax affecting” method, typically used for C corporations, to value the S corporations in question. This method was challenged because it could undervalue the S corporations, especially since they were to remain as S corporations and continue to be operated by one of the parties. The court vacated the initial judgment that applied this method and remanded the case for further proceedings. Additionally, the court considered the applicability of certain discounts and the issue of alimony. The wife’s equity complaint, which sought an accounting and equalization of income from the businesses, was initially dismissed but later reinstated by the court, as it found that the wife had not been given a fair opportunity to present her claims. The case highlights the complexities involved in valuing business assets during divorce proceedings and the importance of ensuring equitable treatment for both parties.