In re Marriage of Lopez

Summary

The court held that goodwill in a professional practice is community property to the extent it developed during marriage, and listed factors to consider in valuing it, including the professional's age, health, skill, reputation, and the practice's demonstrated earning power.

What it means for the financial analysis

Lopez supplies the factor list that valuation reports in professional practice cases are commonly measured against. A report that ignores these factors invites cross-examination.

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