Maine Considers Characterization of Professional Goodwill

Business Valuation UpdateVol. 13 No. 9
Legal and Court Case Update
September 2007
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce

Hess v. Hess
2007 Me. LEXIS 83
July 5, 2007
State Court
Supreme Court
Martin J. Harris, Peter B. Bickerman


Currently, Maine is one of a handful of states that has yet to decide whether the goodwill of a professional practice constitutes marital property and, if so, whether there should be a further distinction between enterprise goodwill (marital) and personal or professional goodwill (nonmarital).

See Also

Hess v. Hess

Maine considers characterization of goodwill value of a professional practice.