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.
Dentist’s solo practice, including its goodwill, is marital property.
Part of value for dental practice was a restrictive covenant which represented goodwill and should be divided.
Personal goodwill should have been included in the valuation of dental practice where wife had waived maintenance.
Professional goodwill can be marital property, although in this case, law firm partnership agreement controls.
Medical practice may have distributable goodwill. Comparable sales would be the most persuasive evidence of such value, but capitalization of excess earnings was also permissible.
Goodwill of husband’s interest in professional practice is a martial asset.
Automobile transport business has goodwill and is properly valued using capitalization of excess earnings method.