Court Highlights Role of Community Labor in Goodwill Analysis

Business Valuation UpdateVol. 23 No. 9
BVLaw Case Update
September 2017
8721 Accounting, Auditing, and Bookkeeping Services
541211 Offices of Certified Public Accountants
marital dissolution/divorce
goodwill, expert testimony, reasonable compensation, separate property, community property, capitalization of excess earnings method, marital property

In re Marriage of Vandal
2017 Wash. App. LEXIS 1459
June 19, 2017
US
State Court
Washington
Court of Appeals
Douglas McDaniel (husband); Steven J. Kessler (wife)
Applewick

Summary

Appeals court says record supports nonowner spouse’s claim to a share of owner’s CPA’s practice; business changed from separate to community property, and most of its value consisted of professional goodwill, which was created by community labor.

See Also

Court Highlights Role of Community Labor in Goodwill Analysis

Appeals court says record supports nonowner spouse’s claim to a share of owner’s CPA’s practice; business changed from separate to community property, and most of its value consisted of professional goodwill, which was created by community labor.