Category Archives: Goodwill

Helfer v. Helfer

Trial court reversed for failure to account for enterprise goodwill in valuing husband’s chiropractic practice.

Year: 2007 | State: WV

McReath v. McReath

When valuing a business interest, a circuit court shall include the value of the salable professional goodwill attendant to the business interest.

Year: 2011 | State: WI

In Re Marriage of Sommerfield

Valuation of husband’s accounting business reversed – goodwill of a going concern can be a marketable asset.

Year: 1990 | State: WI

In Re Marriage of Hauge v. Hauge

Where husband’s own expert testified to value of goodwill, court need not decide whether a sole dental practice is distinct from a large law firm as in Holbrook.

Year: 1988 | State: WI

In Re Marriage of Lewis v. Lewis

Because boarding kennel is a commercial business, it is not subject to Holbrook. Trial court may use entire amount set out in cross-purchase agreement to set value, including compensation for professional goodwill.

Year: 1983 | State: WI

Holbrook v. Holbrook

The trial court erred in determining that the marital estate included the goodwill value of John’s partnership. Like an educational degree, a partner’s theoretical share of a law firm’s goodwill cannot be exchanged on an open market.

Year: 1981 | State: WI

Spheeris v. Spheeris

Trial court’s determination of goodwill predicated on annual average income before taxes was erroneous. Computation of goodwill should be based on income after taxes, not before.

Year: 1967 | State: WI

Sorensen v. Sorensen

Dentist’s professional goodwill is not a divisible marital asset. Court distinguishes solo practitioner, where goodwill is only reputation for competency, from clinic with many employees where goodwill does not rest on reputation of any one person.

Year: 1989 | State: UT

Donahue v. Donahue

Because of the speculative nature of professional goodwill, any such goodwill of husband’s solo dental practice could not be made part of the marital estate.

Year: 1989 | State: SC

Fexa v. Fexa

Where goodwill can be attributed to the business or practice itself, making it realizable upon sale, that value is subject to equitable distribution.

Year: 1990 | State: PA

Traczyk v. Traczyk

Solo podiatry practice had goodwill and should be valued and distributed, as distinguished from a law practice. Medical doctor’s practice is more easily transferred than a law practice.

Year: 1995 | State: OK

Mocnik v. Mocnik

Value of husband’s interest in the goodwill of his medical practice is limited to the value as determined by the practice’s stockholder’s agreement. Follows Holbrook.

Year: 1992 | State: OK

Travis v. Travis

Goodwill of solo law practice is too speculative – more equitable to consider earning power and set alimony.

Year: 1990 | State: OK

Cox v. Cox

Court not necessarily bound in valuing the goodwill of a professional association by a shareholders’ agreement fixing such value.

Year: 1989 | State: NM

Sonek v. Sonek

Salaried employee of a medical association does not possess goodwill for equitable distribution purposes.

Year: 1992 | State: NC

Taylor v. Taylor

Gynecologist practice does not have saleable goodwill in this case, but there may be in other cases if there is evidence of sales value which does not depend on the future participation of the professional spouse.

Year: 1988 | State: NB

Johnston v. Johnston

Value of covenant not to compete is not a factor in valuation of professional practice’s goodwill.

Year: 1989 | State: MO

Baker v. Baker

Institutional goodwill, but not personal goodwill, of surgical practice should be included in marital estate. Noncompete agreement does not, by itself, prohibit all future employment.

Year: 2007 | State: MN