Missouri court rejects law practice goodwill

Business Valuation UpdateVol. 2 No. 11
Legal and Court Case Update
November 1996

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Hershewe v. Hershewe
931 S.W.2d 198,1996 Mo. App. LEXIS 1681
October 10, 1996
US
State Court
Missouri
Court of Appeals
Prewitt

Summary

In a divorce action, the trial court concluded that husband's law practice had no marital goodwill because, "were (husband) to terminate his activity, the lights would go out and the value of his practice would be extinguished."

See Also

Hershewe v. Hershewe

Full Text of Court Cases
October 10, 1996

At issue is the valuation of goodwill of husband's law practice.