Vermont Supreme Court Affirms Value of Husband’s Law Practice, Declines to Eliminate Personal Goodwill, Affirms Determination of Husband’s Income

BVLaw
Court Case Digests
July 14, 2022
9222 Legal Counsel and Prosecution
541110 Offices of Lawyers
marital dissolution/divorce
goodwill, business valuation, personal goodwill, law firm valuation, marital estate, tangible assets

Weinstein v. Weinstein
2022 Vt. Unpub. LEXIS 54; 2022 WL 2763104
US
State Court
Vermont
Supreme Court
Eaton Jr., Associate Justice; Cohen, Associate Justice; Waples, Associate Justice

Summary

In this Vermont divorce case, the Supreme Court affirmed the value of the husband’s law practice even though there was evidence of some potential personal goodwill left in the value determined by the lower court. The Supreme Court also affirmed the wife’s expert’s determination of the husband’s income for maintenance purposes. Note that, per the court, “decisions of a three-justice panel are not to be considered as precedent before any tribunal.”

See Also

Weinstein v. Weinstein

In this Vermont divorce case, the Supreme Court affirmed the value of the husband’s law practice even though there was evidence of some potential personal goodwill left in the value determined by the lower court. The Supreme Court also affirmed the wife’s expert’s determination of the husband’s income for maintenance purposes. Note that, per the court, “decisions of a three-justice panel are not to be considered as precedent before any tribunal.”