What is the Goodwill for a business in a divorce and why does it matter? Goodwill is a term which is generally associated with the intangible benefits one or both of the spouses bring to a marital property owned business or professional practice. Goodwill is considered as a separate issue from the valuation of the...
When a Business Asset in a Divorce is Losing Money
What happens when a business asset in a divorce is losing money? In a Louisville divorce all assets of the parties must be divided according to Kentucky’s marital property laws. This includes the ownership interests in a business or professional practice. Normally, the business would undergo an independent “valuation” to establish the value of the...