Circuit court did not clearly err in finding that the goodwill of parties’ restaurant was corporate goodwill, for purposes of determining whether goodwill had value independent of the presence or reputation of a husband and, therefore, was marital property, based on testimony of witness, whose company provided accounting and business-consultation services to parties, that he added the goodwill in his valuation of parties’ restaurant if sold on the open market and that he also took into account the replacement of husband in that valuation.
http://opinions.aoc.arkansas.gov/WebLink8/0/doc/326428/Electronic.aspx
Laura W. Morgan is the owner and operator at Family Law Consulting in Charlottesville, Virginia. Laura is available for consultation, brief writing and research on family law issues throughout the country. She can be reached through her website. www.famlawconsult.com
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