“Defining & Determining Business Goodwill in Divorce Settlements,” Family Lawyer Magazine
In an article published on June 17, 2022 by Family Lawyer Magazine, attorney Margaret Simpson provides guidance on how goodwill factors into the valuation of a business in divorce. The article details the approaches to navigating goodwill in divorce settlements, according to previous court rulings, and outlines five methods for valuing goodwill that are recognized by the courts. Simpson emphasizes how the definition of goodwill varies from jurisdiction to jurisdiction and the importance of understanding the basics of valuing goodwill when identifying marital property that’s subject to equitable division. For the full article, please click here.