Personal Goodwill Excluded From Value of Professional Practice

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007

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8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
marital dissolution/divorce
goodwill
Yoon v. Yoon
687 N.E.2d 201
US
State Court
Indiana
Court of Appeals
Friedlander, Kirsch, Barteau

Summary

The Indiana Supreme Court ruled that the value of the enterprise goodwill of the husband's medical practice may be considered when determining the value of the practice for the purposes of a divorce. However, the court also ruled that the personal goodwi ...

See Also

Yoon v. Yoon

Full Text of Court Cases
September 27, 2004

At issue is the valuation of husband's medical practice and the admittance of expert testimony.