Doc Leaves Practice Just Before Divorce, Says Buy-Sell Limits Value

Business Valuation UpdateVol. 17 No. 8
Legal and Court Case Update
August 2011

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8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
marital dissolution/divorce
buy-sell agreement
Garman v. Garman
2011 WL 1844057 (Tenn. Ct. App.)
May 16, 2011
US
State Court
Tennessee
Court of Appeals
Van Elkins
Stafford

Summary

Court rejects doctor’s claims that by departing from medical practice just before divorce, his $15,000 buy-sell payout limits practice value, crediting instead a net asset value, adjusted for routine quarterly bonuses.

See Also

Garman v. Garman

Full Text of Court Cases
May 16, 2011

Court rejects doctor’s claims that by departing from medical practice just before divorce, his $15,000 buy-sell payout limits practice value, crediting instead a net asset value, adjusted for routine quarterly bonuses.