New York court decides professional licenses have economic value independent of practice

Business Valuation UpdateVol. 2 No. 1
Legal and Court Case Update
January 1996

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marital dissolution/divorce
McSparron v. McSparron
662 N.E.2d 745,1995 N.Y. LEXIS 4451
December 7, 1995
US
State Court
New York
Supreme Court
Titone

Summary

In New York, since the O'Brien case (66 N.Y. 2d 576), professional licenses have been held to be marital property subject to equitable distribution under N.Y. Domestic Relations Law s236B. I ...

See Also

McSparron v. McSparron

Full Text of Court Cases
December 7, 1995

At issue is the valuation of husband's law license.