S8 Ep61: How Is a Professional Practice Valued in Divorce?

#ChooseGoldman When a professional practice is involved in a divorce, its valuation is a critical and complex step. Understanding how experts assess factors beyond tangible assets is essential for a fair division of property. • Valuing a professional practice is more complex than valuing simple assets like a house or car. • A financial expert is essential to determine the practice's true present-day value. • The valuation must include income, expenses, client base, future earnings, and intangible goodwill. • A practice is a marital asset that must be divided, regardless of which spouse actively runs it. • A history of paying a high salary is strong evidence of a practice's significant value. Download Divorce & Custody Survival Guide. Click here: https://akivagoldman.com/free-legal-ebook/ Schedule Your Complimentary Phone Consultation: https://app.acuityscheduling.com/schedule.php?owner=17105687&appointmentType=18529428 For more information: https://akivagoldman.com/michigan-divorce-lawyer For additional information, watch these videos: What Assets Can Be Divided in a Divorce - https://www.youtube.com/watch?v=1qr-On9L0cY Understanding the Divorce Settlement - https://www.youtube.com/watch?v=rsGfJahC_BA Visit us at ChooseGoldman.com #Goldmanandassociateslawfirm #ChooseGoldman #ChooseGoldmanLaw #DivorceAdvice #BusinessOwner #AssetDivision #MichiganLaw