Court Infers Nature of Goodwill From Nature of Business

Business Valuation UpdateVol. 21 No. 9
Legal and Court Case Update
September 2015
4212 Local Trucking Without Storage
484110 General Freight Trucking, Local
marital dissolution/divorce
goodwill, divorce, expert testimony, professional practice, equitable distribution, valuation

Rabe v. Rabe
2015 Ky. App. Unpub. LEXIS 379
May 29, 2015
US
State Court
Kentucky
Court of Appeals
Robert Sicking Jr. (wife); Gary Jennings (husband)
Vanmeter

Summary

Appeals court affirms trial court’s valuation, which implicitly assigned goodwill to business, finding that since the company was not a professional practice it is likely that the company’s, rather than the owner spouse’s, reputation brings in business.

See Also

Rabe v. Rabe (II)

Appeals court affirms trial court’s valuation, which implicitly assigned goodwill to business, finding that since the company was not a professional practice it is likely that the company’s, rather than the owner spouse’s, reputation brings in business.