Parties failed to distinguish personal and practice goodwill

Business Valuation UpdateVol. 9 No. 10
Legal and Court Case Update
October 2003

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8062 General Medical and Surgical Hospitals
622110 General Medical and Surgical Hospitals
marital dissolution/divorce
enterprise goodwill, intangible assets, personal goodwill, asset approach, discount for lack of marketability (DLOM), fair market value (FMV), marital dissolution
Williams v. Williams
2003 Ark. App. LEXIS 450
May 28, 2003
US
State Court
Arkansas
Court of Appeals
Richard Schwartz, CPA/ABV, ASA, MCBA, CFE (for wife) <br> Cheryl Shuffield, CPA/ABV, CVA (for husband)
Pittman

Summary

Wife’s expert, Richard Schwartz, testified that the fair market values of ADC and Gastro were $911,200 and $1,477,000, respectively,Husband was a gastroenterologist who owned a clinic...

See Also

Williams v. Williams

Full Text of Court Cases
May 28, 2003

The issue in this marital dissolution was the fair market value of husbands medical clinic and surgery center. Goodwill was the major point of disagreement between the experts.