“Business Goodwill in Divorce Settlements: A Primer,” Divorce Magazine
In an article published on July 22, 2022 by Divorce Magazine, attorney Margaret Simpson provides insight on how goodwill factors into the valuation of a business in divorce. The article details the legal approaches to navigating goodwill in divorce settlements, according to past court rulings, and outlines five methods of goodwill valuation that are recognized by courts. Simpson emphasizes how the definition of goodwill varies from jurisdiction to jurisdiction and the importance of understanding the basics of valuing goodwill for soon-to-be-ex-spouses who own a business together. For the full article, please click here.