Court Distinguishes Between Goodwill and Trail Income in Solo Practice Valuation

BVLaw
Court Case Digests
December 21, 2016
6282 Investment Advice
523930 Investment Advice
marital dissolution/divorce
goodwill, child support, professional practice, equitable distribution, sole proprietorship, valuation methods, double counting, marital property, valuation

Fuller v. Fuller
2016 Tenn. App. LEXIS 974
US
State Court
Tennessee
Court of Appeals
Ken Jones (joint)
Frierson, II

Summary

Appeals court says trail income generated by solo financial planning practice is different from professional goodwill; it can be sold separately or assigned, and there exists a formula for valuing it; trial court was right to consider it a marital asset.

See Also

Fuller v. Fuller

Appeals court says trail income generated by solo financial planning practice is different from professional goodwill; it can be sold separately or assigned, and there exists a formula for valuing it; trial court was right to consider it a marital asset.

Court Distinguishes Between Goodwill and Trail Income in Solo Practice Valuation

Professional practice, sole proprietorship, goodwill, valuation, marital property, equitable distribution, valuation method, income, child support, double counting ...