Parties failed to distinguish personal and practice goodwill

Business Valuation UpdateVol. 9 No. 10
Legal and Court Case Update
October 2003
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
State Court
Court of Appeals
Richard Schwartz, CPA/ABV, ASA, MCBA, CFE (for wife) <br> Cheryl Shuffield, CPA/ABV, CVA (for husband)


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

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.